Posted By LambChop
To add to his recent financial woes, Mr. Las Vegas has lost his 65-foot yacht (a 1996 Skipliner) that sank stern-first in 45 feet of water while it was in a slip at the Temple Bar marina. Interesting how a yacht (that is notoriously bad investment given their fast rate of depreciation and lack of demand for used vessels) ends up mysteriously sinking. But authorities are investigating.
This latest misfortune comes on the heels of Newton's failure to pay large debts and lawsuits resulting from these failures. Casa de Shenandoah, Newton's palace of tacky complete with a full zoo, recently went on the auction block to cover $3.5 million of mortgage default.
Newton and his wife were allegedly vacationing out of the country when the boat sank Friday.