A Sad Day on the Bay

I received these pictures without the story... I had heard a rumor that a Folkboat had sunk in Richardson's Bay. These pictures confirm part of the story, but how could this have happen?

http://www.latitude38.com/lectronic/lectronicday.lasso?date=2008-05-05&dayid=109#Story4

I found this link detailing the story... credit goes to Latitude 38 for the story.