RedactedNarrative: On 05/31/14 at approximately 1800 hours, V1 capsized in the west turning basin of Government Cut when a large vessel passed by causing a big wake.  V1 began taking on a large quantity of water which caused V1 to capsize.  V1 is a 2009 Bombardier jet boat bearing registration  FL 7333 PB and was carrying 12 occupants.  All occupants were ejected from V1 when it capsized.  I estimated the damages to the vessel to be approximately $2,000.00.  Overloading was determined to be the cause, not the action of the vessel that caused a wake.