RedactedNarrative: Vessel 01 (V01) was seen by the witness traveling east, exiting the Ponce De Leon Inlet to travel to the Atlantic Ocean. After approximately 45 minutes had passed the witness observed  V01 reenter the inlet, traveling west towards the Intracoastal Waterway.
  
  Wind speeds were strong and the water conditions were hazardous with waves over six feet. The bow of V01 was swamped by the large waves, V01 operator stated that he attempted to displace the water from the bow to the stern by throttling up the motor. 
  
  V01 Operators actions resulted in V01 diving down below the water line and sinking.
  
  
  The witness vessel who was unrelated to V01 responded to render aid and rescued all occupants from the water before transporting them to a nearby responding U.S. Coast Guard Vessel.
  
  Upon this Investigator's arrival to the scene all person onboard V01 were on the Coast Guard vessel and uninjured. Several attempts to locate V01 by the US Coast Guard and this agency were unsuccessful.
  
  V01 Operator stated that he was unable to start V01's motor and that caused V01 to drift out of the Inlet for a short time. This contradicts the independent witness's statement.
  