The owner of the HMS Bounty has taken the fifth and will not testify during U.S. Coast Guard hearings that began this morning.

The Bounty sunk off the coast of Hatteras on October 29, 2012 during as Hurricane Sandy. The Coast Guard rescued 14 crewmembers and Captain Robin Wallbridge, and deckhand Claudine Christian tragically lost their live.

The Coast Guard hearing is taking place in Portsmouth, Virginia.

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