According to the Coast Guard, the recreational vessel NUTTY BUTTY capsized 47 NM south of Beaufort Inlet with 1 person clinging to the vessel and two victims ( both wearing PFDs), unaccounted for.  The owner had noticed water on the deft aft starboard when reeling in fish.  Apparently the waves had picked up to 4-6 foot seas which is when all people put on PFDs. The owner tried to use bilge pumps and buckets to bail the water and attempted to shoot 3 pistol flares and 3 hand held flares but none of them worked.