Last night, a 34-foot boat carrying 27 people capsized in Oyster Bay and sank. Three children—Harley Treanor, 11; Victoria Gaines, 8; and David Aurelino, 12—were found dead in the boat's cabin. During a brief press conference, Nassau County police said, "The boat could have sunk for many reasons," but the investigation will take a look at whether overcrowding was an issue or if wakes from other boats played a role.

The boat, a 1984 Silverton, capsized around 10 p.m. and the survivors were recovered by 11 p.m. Newsday reports, "The first victim found was taken to Syosset Hospital in critical condition. Marine Patrol and Nassau continued the search and at about 3 a.m. found two others still in the cabin of the submerged boat. All three were pronounced dead at about 4 a.m., officials said." The boat is about 60-70 feet under water.

One person, Frankie Barbone, 15, told WPIX, "We raced right over there with our boat, people just poured out." He described the waves coming up as high as the yacht and said that the adults and children were screaming, and some didn't have life jackets. His family and other boaters pulled victims to their boats.

Borbone's uncle, Sammy Balasso, added, "It was like in slow motion. All of a sudden, a lot of bodies were in the water."

Boats are required to have life jackets for all passengers aboard; the Post adds that there's "No requirement for anyone over the age of 12 to wear a life jacket outside of the cabin" and "Passengers under the age of 12 must wear a life jacket if outside the boat's cabin. They are not required to wear a life jacket if they are inside the cabin."

The boat's passengers had been watching a fireworks show sponsored by the Dolan family, which owns Cablevision, the Knicks, Rangers, etc.