RedactedNarrative: Owner of vessel #2 was asleep when he heard a large bang.  He vessel was on an approved and permitted mooring ball just off the shore from his property.  He ran out to see a vessel circling his boat at a slow speed and then drove off.  Vessel #2 left the scene right away.  The owner of vessel #2 realized it was his neighbor who confirmed he struck his vessel and offered him $30,000.  Officer determined that operator of vessel #1 did not have a proper lookout which potentially caused this accident.  Other contributing factors may have been alcohol consumed by operator and or passengers, excessive speed during the night and passengers sitting on bow (restricted visibility).