RedactedNarrative: The 4 POB on the vessel were heading out cobia fishing.  The operator was running about 3000 RPM (20 mph) when he heard a pop or a bang, he thought a cooler fell over.  He stopped the vessel to investigate and the stern of the vessel immediately began going underwater.  He made sure the bilge pump was working but it could not keep up with the amount of water entering the vessel.  
  
  Shortly thereafter the entire vessel began to sink and all 4 POB dawned life jackets and disembarked the vessel just as it completely sunk.  The 4 POB clung to an arctic cooler and activated a personal EPIRB until a VMRC Officer was able to rescue them from the water.  The individuals were transported by VMRC vessel back to Wallaces marina in Hampton where their vehicle was located.  No one was injured. Owners estimated value of this vessel is $35,000.00.
  
  7/29/16 @ 1145:  Owner of the vessel is working with Boat Us and his insurance company to formulate a salvage plan for the vessel.