RedactedNarrative: On 9/2 at approximately 1600 CST, a subject purchased a vessel with $50k cash and immediately got underway with two friends.  While in transit from Belle Chasse the Gulf of Mexico via the Lower Mississippi River to fish through the night, the vessel experienced mechanical and hull failure.  When it started to take on water, the three subjects donned PFDs.  Two jumped in the water and were later rescued about 1 hour later by good Samaritans.  The third would not leave the boat and was last seen in the wheelhouse before the vessel sank around 2100 CST.  The third is presumed deceased.
  The owner had not gotten the boat professionally inspected prior to purchase, there was no bilge pump system in the engine room and only a portable one in the wheel house.