Bja 420 accident in the Galveston TX area
09-15-2003, 03:58 AM
#21
Heres the story from the link:
Man missing after boating mishap is sued for millions
$4,000,000 was borrowed and not paid back
By Jeremy Desel / 11 News
SEABROOK – There's new information about a mystery involving a man missing for nearly two weeks after his boat hit a barge off Kemah. And authorities are hearing it may not have been an accident.
Mike Nixon was last seen at a boat dock in Seabrook. But nobody knows for sure if he is alive or dead. The one thing that is sure is that the legal work in the case is already piling up.
Friends of Nixon say he knows how to live. He loves life, especially when at the wheel of one of his boats, which was called "Living Extra Large."
"Everybody around here likes this guy. He's a well-known captain," says boater Daniel Huston. "The nicest guy in the world."
Nixon was last seen filling his gas tanks at a dock in Seabrook. Hours later the wreckage of his boat, Living Extra Fast, was found in the Ship Channel. That was two weeks ago. There's still no sign of Nixon or a body.
But 11 News has learned that financial pressures on Nixon were mounting before his disappearance.
Nixon ran a company called Delta Crane based in an office building on Egret Bay Boulevard. A Minnesota bank filed a lawsuit Tuesday in Harris County District Court against Larry Michael Nixon, his company Delta Crane and several others including Nixon's ex-wife.
The suit alleges: "On February 25, 2003 Larry Nixon executed a written agreement providing a line of credit for $4,000,000."
The money was used but not paid back prompting the Bank according to the lawsuit to take action: "On August 5, 2003 provided Larry Nixon a notice of default, On September 2 made a demand for payment."
Nixon's boat crashed on August 27 and no body was ever found.
But the bank isn't the only one asking questions about Nixon and his business dealings. "There have been some calls we have received here," says Bob Dogium with the Houston office of the FBI. "And just like any other allegation, it's just that, at least for right now, an allegation. But it's our responsibility to look into it, try to dig into it a little bit and see if there's not something there."
The FBI is not calling it an official investigation, merely what they would call a preliminary inquiry in the case.
The attorney for Mike Nixon's estate did not return calls from 11 News.
However, Nixon's ex-wife says she is distraught and needs time to grieve. And that could be difficult until they find a body or more answers in this case.
Man missing after boating mishap is sued for millions
$4,000,000 was borrowed and not paid back
By Jeremy Desel / 11 News
SEABROOK – There's new information about a mystery involving a man missing for nearly two weeks after his boat hit a barge off Kemah. And authorities are hearing it may not have been an accident.
Mike Nixon was last seen at a boat dock in Seabrook. But nobody knows for sure if he is alive or dead. The one thing that is sure is that the legal work in the case is already piling up.
Friends of Nixon say he knows how to live. He loves life, especially when at the wheel of one of his boats, which was called "Living Extra Large."
"Everybody around here likes this guy. He's a well-known captain," says boater Daniel Huston. "The nicest guy in the world."
Nixon was last seen filling his gas tanks at a dock in Seabrook. Hours later the wreckage of his boat, Living Extra Fast, was found in the Ship Channel. That was two weeks ago. There's still no sign of Nixon or a body.
But 11 News has learned that financial pressures on Nixon were mounting before his disappearance.
Nixon ran a company called Delta Crane based in an office building on Egret Bay Boulevard. A Minnesota bank filed a lawsuit Tuesday in Harris County District Court against Larry Michael Nixon, his company Delta Crane and several others including Nixon's ex-wife.
The suit alleges: "On February 25, 2003 Larry Nixon executed a written agreement providing a line of credit for $4,000,000."
The money was used but not paid back prompting the Bank according to the lawsuit to take action: "On August 5, 2003 provided Larry Nixon a notice of default, On September 2 made a demand for payment."
Nixon's boat crashed on August 27 and no body was ever found.
But the bank isn't the only one asking questions about Nixon and his business dealings. "There have been some calls we have received here," says Bob Dogium with the Houston office of the FBI. "And just like any other allegation, it's just that, at least for right now, an allegation. But it's our responsibility to look into it, try to dig into it a little bit and see if there's not something there."
The FBI is not calling it an official investigation, merely what they would call a preliminary inquiry in the case.
The attorney for Mike Nixon's estate did not return calls from 11 News.
However, Nixon's ex-wife says she is distraught and needs time to grieve. And that could be difficult until they find a body or more answers in this case.
09-17-2003, 07:37 AM
#22
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Posts: n/a
The saga continues...
http://www.khou.com/topstories/stori...o.31c088f.html
SEABROOK -- Did he die in an accident or flee the country? New details are emerging in that mystery involving a missing man last seen in Seabrook before his boat hit a barge off Kemah. Millions of dollars are swirling around this case.
There was not much left of the boat Living Extra Fast after it crashed into a barge in the ship channel on August 27. But no trace of the boat's owner, Mike Nixon, has ever surfaced.
In the wake of the crash there are more questions than answers. But what is sure is that there are millions of dollars in limbo. A lawsuit has already been filed accusing Nixon of reneging on a $4 million line of credit, notifications came just before the boat crash.
And there may be other money on the line as well. At least one, possibly two, personal loans of $500,000 each from other businessmen were issued just days before the crash. In addition several creditors required life insurance as a condition of doing business. That total is at least $5 million.
So depending on whom you talk to a range of $10 million to $12 million is in contention.
Nixon's attorney Scott Williams tells 11 News that there are several outstanding lawsuits that are also in legal limbo. Williams calls them normal business to business suits brought against Nixon or his company Delta Crane.
There are five or six suits outstanding and most have been in process for the last year or two. One case that is several years old is slated to go to trail in West Virginia next week but without a defendant.
Court records show the Nixon case has been entered into a probate court as is required by law. That happened on September 5. But with only circumstantial evidence of a death and no sign of any body a judge is going to have to decide the status in the case, essentially legally decide whether Mike Nixon is alive or dead. That could happen as soon as next week.
http://www.khou.com/topstories/stori...o.31c088f.html
SEABROOK -- Did he die in an accident or flee the country? New details are emerging in that mystery involving a missing man last seen in Seabrook before his boat hit a barge off Kemah. Millions of dollars are swirling around this case.
There was not much left of the boat Living Extra Fast after it crashed into a barge in the ship channel on August 27. But no trace of the boat's owner, Mike Nixon, has ever surfaced.
In the wake of the crash there are more questions than answers. But what is sure is that there are millions of dollars in limbo. A lawsuit has already been filed accusing Nixon of reneging on a $4 million line of credit, notifications came just before the boat crash.
And there may be other money on the line as well. At least one, possibly two, personal loans of $500,000 each from other businessmen were issued just days before the crash. In addition several creditors required life insurance as a condition of doing business. That total is at least $5 million.
So depending on whom you talk to a range of $10 million to $12 million is in contention.
Nixon's attorney Scott Williams tells 11 News that there are several outstanding lawsuits that are also in legal limbo. Williams calls them normal business to business suits brought against Nixon or his company Delta Crane.
There are five or six suits outstanding and most have been in process for the last year or two. One case that is several years old is slated to go to trail in West Virginia next week but without a defendant.
Court records show the Nixon case has been entered into a probate court as is required by law. That happened on September 5. But with only circumstantial evidence of a death and no sign of any body a judge is going to have to decide the status in the case, essentially legally decide whether Mike Nixon is alive or dead. That could happen as soon as next week.
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09-03-2003 07:04 AM
