VIDEO: San Diego Man Steals Millionaire’s Yacht, Crashes Into Other Yachts

A San Diego man was arrested on suspicion of stealing a 60-foot yacht in Newport Beach and crashing it into several other boats. According to police, Joel Siam was arrested for grand theft of a boat and possession of a stolen boat. He was held on $3 million bail.

According to NBC San Diego, the Newport Beach police said Siam was seen vandalizing a yacht near Balboa Bay Resort at 1200 West Coast Highway at around 9:00 A.M. on Thursday, March 10.

The 60-foot yacht was taken from a dock where it had been undergoing maintenance, meaning the keys were inside, according to sheriff's deputies. After stealing the yacht, Siam is accused of driving it around the harbor and hitting several other yachts in the process.

NBC San Diego reports one woman was sitting aboard a sailboat and was injured during the crash. After doing donuts in the water, the boat finally smashed into a sea wall. Siam was then taken into custody by the harbor patrol. He is accused of felony hit-and-run among his other charges, including allegedly trying to steal a Rolls-Royce along Pacific Coast Highway before jumping into the boat.