RedactedNarrative: THE OWNER STATED THE BOAT STARTED TAKING ON WATER FOR AN UNKNOWN REASON WHILE IT WAS UNDERWAY. HE ATTEMPTED TO BAIL OUT WATER BUT IT CAME IN TOO QUICKLY. ANOTHER BOAT CLOSE BY PICKED UP EVERYONE ON BOARD AND WENT TO SHORE. THE OWNERS BOAT SANK APPROXIMATELY 40 FEET OFF SHORE AND COMPLETELY SUBMERGED. NO INJURIES OCCURED AND THE BOAT WAS A COMPLETE LOSS.