RedactedNarrative: V1 took several waves over the stern. The bilge pump could not remove the large quantity of water in time, V1 capsized resulting in (4) occupants in the water. 
  
  Operator told me that they had launched the boat from the Port Charlotte Beach Complex and headed northwest to the West Wall. At the West Wall, Operator said that he was working to untangle his anchor line when several waves broke over the transom (rear) of his vessel. Operator said that the bilge pump was functioning properly, he tried to start the engine to move the boat but said that it was too late and that the boat had taken on too much water. At this time he distributed life jackets and told the occupants to stay around the boat. V1 rotated over it's starboard side and capsized. All occupants were in the water with life jackets on.