February 26th, 2013
01:14 PM ET

Coast Guard: Missing boat 'possibly a hoax'

The U.S. Coast Guard is suspending its search off the California coast for a distressed 29-foot sailboat that was carrying a couple and two children, and explained the incident is "possibly a hoax," Cmdr. Don Montoro said Tuesday.

The mission's cost has reached hundreds of thousands of dollars since Sunday, he said.

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