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TYCOON ACCUSED OF SINKING OWN YACHT

Friday September 7th, 2012
TYCOON ACCUSED OF SINKING OWN YACHT

Key Biscayne tycoon , Nicolas Estrella, whose $2million yacht, ‘Star One’, was stolen and sunk off the Bahamas has been accused of paying his ex-captain to steal and scuttle it so he could claim the insurance.

A sworn statement from witness Eric MacKenzie states that he was told by former boat captain Robert Figueredo that Estrella had asked him to steal and sink the vessel in return for 10% of the compensation money. According the MacKenzie the insurance mogul was struggling to sell the ‘Star One’ and wanted to buy a new sport fishing boat.

Estrella strongly denies all the accusations and is in dispute with Federal Insurance Co who he says are simply trying not to pay out.

Civil Rights Attorney, Robert Burlington said, “The absurd theory that Mr. Estrella needed money in a hurry is ridiculous... But even more ridiculous is the fabrication that he orchestrated the sinking of his boat in order to raise money... All Mr Estrella knows about the disappearance of his boat is that it was stolen when he was in Texas on his cattle ranch.”
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