[SHAZAM]

From the Florida department of financial services website...

Sinking of $1.86 Million Yacht
5/10/2012
Contact: Anna Alexopoulos
(850) 413-2842

TALLAHASSEE, FL—Florida Chief Financial Officer Jeff Atwater announced the arrest today of a Miami boat captain on a first-degree grand theft charge for allegedly sinking a $1.86 million yacht in 2009 off the Bahamas. Robert Figueredo, 49, was arrested by detectives from the Florida Department of Financial Services Division of Insurance Fraud (DIF).

“There is no such thing as a victimless crime,” CFO Atwater said. “Those who reap the spoils of perpetuating fraud victimize every Florida consumer. Those who cheat their fellow Floridians out of their hard-earned dollars will be captured and put behind bars.”

The division initiated an investigation into the sinking of the 80-foot yacht “Star One” reported stolen from Key Biscayne on May 4, 2009, one day after it was discovered scuttled in an area known as the “Tongue of the Ocean” offshore from the Bahamas.

Suspicions of Figueredo’s involvement were initially raised by a statement from Figueredo’s ex-girlfriend, who told police that he had bragged to her that he had sunk the boat deliberately.

Figueredo gave a sworn statement to the insurance company that he had no knowledge of the theft, and he was completely unaware of who had taken the Star One. Federated Insurance Company received the claim for the sunken boat.

Figueredo was booked into the Miami-Dade County Jail. If convicted on the charge, he faces up to 30 years in prison. Miami-Dade State Attorney Katherine Fernandez Rundle is prosecuting the charge.

[Capt Bill11]

"Suspicions of Figueredo’s involvement were initially raised by a statement from Figueredo’s ex-girlfriend, who told police that he had bragged to her that he had sunk the boat deliberately."

Darwinism in action.

[Garry Hartshorn]

Talking of captains being arrested, I see Capt. Paul Watson has been detained in German and awaiting extradition to Costa Rica

[PropBet]

So loose lips sink ships.... and..... get you thrown in jail.
Good to see this came full circle.

[SHAZAM]

There's a comprehensive article about this story in the Miami Herald, I'm not sure if we're allowed to link?

[C4ENG]

Originally Posted by SHAZAM!

There's a comprehensive article about this story in the Miami Herald, I'm not sure if we're allowed to link?

I always did wonder what ghetto location you where referring to on your avatar tag.. see you at the next Marlin game

Key Biscayne boat captain charged in sunken yacht theft - Florida Wires - MiamiHerald.com

[Pascal]

I saw the herald article the other day and found it so poorly written i couldn't even post it! It mentions slashed flotation tubes and other things which make no sense whatsoever.

Speaking of ghettos, I think that's where the Miami Herald gets their reporters...

Anyway, odd story... I hope FDLE has more against the captain than the allegations of an ex girlfriend!

[captainwjm]

Originally Posted by Pascal

I hope FDLE has more against the captain than the allegations of an ex girlfriend!

Woman scorned?

[SHAZAM]

Originally Posted by Pascal

I saw the herald article the other day and found it so poorly written i couldn't even post it! It mentions slashed flotation tubes and other things which make no sense whatsoever.

Exactly. Regardless, I was aboard the vessel after it was salvaged, I think what the writer meant was that the engine raw water hoses were cut. You would have to have seen the boat first hand to see the lengths they went through to make sure it sank, water tight bulkheads opened up, doors tied open with rope, portholes wired open, raw water lines cut, etc. Too bad the idiot that scuttled it didn't figure in all the wood and foam in the boat that gave it enough buoyancy to not sink completely to the bottom and ended up causing it to float below the surface to shallower water where it was eventually found!

[Yachtjocky]

So was the Captain who was arrested the regular captain for the Azimut and if so what would that lead us to think at least it should have had "plenty of insurance" on the fine vessel

are you sure it was a 80 and not a 85.

Interesting tale and may get much juicier as time moves on....

[SHAZAM]

It's an 85.

[Yachtjocky]

Shazam,

I was trying to send you a PM but your storage is full.