Missing sub CEO sued for fraud in Florida after canceling several expeditions for safety concerns

Around Nov. 28, 2016, Marc and Sharon Hagle said they signed a contract with OceanGate to participate in a trip to view the wreckage of the Titanic, each paying a deposit of $10,000, for a trip in June 2018.One, was a $40,000 payment that was supposed to be paid after the first dive of Cyclops 2, which was expected to be Oct. 2017. The second $55,129 payment was due about four months before the estimated date of their trip.

In Sept. 2017, Rush traveled to the Hagles’ home to convince them to keep investing in the trip. According to the Hagles, Rush went into more detail about the planned trip, adding the Cyclops 2 would be ready to launch and they could still receive a refund at any time. The Hagles said based on their meeting with Rush in September, that they signed the new contracts and in Feb. 2018, wired $190,258 to OceanGate.

The Hagles said OceanGate canceled their planned June 2018 aboard the Titan because OceanGate did not have enough time to conduct a full series of tests and dives to be sure the vessel could reach the Titanic and rescheduled their trip for July 2019.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

OceanGate CEO last year addressed 'worry' of Titan submarine being unable to return to surfaceOceanGate CEO Stockton Rush revealed in a podcast interview concerns he has about submarines like the Titan becoming stuck while deep underwater.
Source: FoxNews - 🏆 9. / 87 Read more »

‘You know what you’re getting into’: Man who took trip on now-missing submersible shares experienceSimpsons writer Mike Reiss said he was on the Titan 11 months ago with his wife.
Source: KIRO7Seattle - 🏆 271. / 63 Read more »

Rescuers race against time to find missing submersible bound for Titanic wreckage siteA company adviser said the submersible had a 96-hour oxygen supply.
Source: wsfa12news - 🏆 338. / 59 Read more »

Missing Titanic submersible: What do we know about OceanGate's Titan sub disappearance?The five-person, custom-built submersible lost contact with the surface near the wreck of the Titanic on Sunday, and has 96 hours of emergency oxygen on board.
Source: LiveScience - 🏆 538. / 51 Read more »

Remembering Gus Newport, A Progressive TitanThe former Berkeley mayor's record of accomplishments from civil rights activism to groundbreaking political initiatives to far-sighted community economic development programs to global solidarity and elder statesman leadership could fill volumes.
Source: commondreams - 🏆 530. / 51 Read more »