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We're Gonna Need a Bigger Boat

Tuesday, 19 Feb 2013 | 12:00 AM ET

By all appearances Michael Vorce makes millions buying and selling luxury yachts. He's living the dream as a 20-something playboy in Grand Rapids, Michigan, and with all the boats he buys, he is able to borrow millions from banks. But when the loans come due, questions float to the surface, like "Where are all the boats?" and "Where is all the money?"