Mystery surrounds a tycoon and his scuttled yacht

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Soon after Key Biscayne, Fla., insurance magnate Nicolas Estrella’s 85-foot Azimut yacht was found capsized off the Bahamas, a local school teacher says her boyfriend and a boating buddy said they had stolen the boat and sunk it “for the insurance money.”

Now Estrella is in a legal fight to collect a $3 million insurance claim for the loss of his yacht while authorities seek to get to the bottom of who was behind the scuttling.

Click here for the full report by the Miami Herald.