The group of five then spent time boating before being turned away at a local establishment, Shepard's Tiki Bar, because Nick was underage. A bouncer for Shepard's told authorities that everyone in the group entered the bar holding bottles of Corona, except Nick, who was drinking from a green cup. The decision was then made to go to Arigato's Steakhouse in Clearwater with Nick and John driving the yellow Supra and Daniel and Barrett driving a silver Dodge Viper. Both of cars were owned by Hulk Hogan.

Investigators allege that Nick was racing the Supra against the Viper when he lost control and crashed. Both Jacobs and Lawrence deny racing Nick at the time of the crash. When interviewed by investigators, Lawrence claimed that the Viper he was in, the Supra, a motorcycle and another vehicle were all at an intersection at a red light and when the light turned green, he claims Jacobs cut infront of the motorcycle to pass Nick and when they did, they heard the Supra crash behind them. Lawrence told authorities that the Supra that Nick was driving was at or near 100 miles per hour at the time of the crash.

Nick Hogan is being charged as an adult and faces the following charges: Reckless Driving Involving Serious Bodily Injury, Use of a Motor Vehicle in Commission of a Felony, Being Under the Age of 21 and Operating a Vehicle with a Breath-Alcohol Level of .02 or Higher and Having Illegal Window Tint on a Vehicle.

Hulk Hogan's attorney denied comment when contacted by Tampa Bay Channel 10, saying that he had not seen the official report yet.