RedactedNarrative: V1 was operating in excessive speed while in a state regulated 25 mph speed zone.  V1 struck the wake of traversing vessels and lost control.  V1's bow collided with navigation marker 52 and caused significant structural damage to the hull.  The operator claimed he did not sustain injuries beyond first aid and refused medical treatment.  Operator was cited for violation of USCG Navigation Rule #6 Safe Speed.