Steven Posner, 2nd Man Killed In Boat Crash

MIAMI (CBS4) -The investigation continues into a collision between two expensive "go fast" boats Monday off Matheson Hammock that left two men dead, including the eldest son on corporate raider Victor Posner, and two other men hospitalized.

The accident happened around 1 p.m. approximately one mile east of Matheson Hammock near the Biscayne Channel.

Steven Posner, 67, a well-known Miami Beach real estate mogul, was killed in the crash. His cousin Stuart, who was also on-board the boat, was airlifted to Jackson Memorial Hospital and is listed in critical condition. Sixty-year-old Clive Warwick who was also on Posner's boat also died.

Twenty-seven-year-old Friedrich Eigelfhoven, who was on the other boat, was taken to Mercy Hospital and treated for minor injuries. The other man on the boat, 53-year-old Mark Mclennan, was not injured.

Investigators now say it appears that the boat Posner was on may have been at fault in the accident. Early indications are that it veered in the Eigelfhoven's boat while both were going at a high rate of speed.

"There is no speed limit when you are on the open sea outside controlled conditions," said Florida Fish and Wildlife Conservation Commission spokesman Jorge Pino,"but you have the responsibility to be very careful."

"It's a tragedy for something like this to happen when there is no need for it," said Posner family friend Randy Sweers.

Sweers said Posner loved being out on the water.

"He loved it, couldn't get enough of it, very unique, a lot of fun. Stuart would be with him and they would run the boat together," said Sweers.

Posner made headlines a decade ago in a battle with his father over trust fund money. The matter was finally settled in 2001 and netted Posner an estimated $100 million in real estate holdings. The deal was struck after father and son tossed a gold coin before a Miami judge.

Steven Posner's sister, Gail, died earlier this year of cancer. She made news by designating millions of dollars for her two dogs.

Steven Posner's survivors include two sons, a daughter and five grandchildren, according to the Associated Press.