Juan Carlos Escotet Alviarez died after trying to save his fiancée, Andrea Montero, when she fell overboard in the Florida Keys. The billionaire’s son was killed by the boat propeller when he jumped into the water. The couple was competing in a fishing competition when the accident happened.

According to reports, Alviarez – who was the son of Venezuelan banker Juan Carlos Escotet Rodriguez – and his fiancée were fishing off their 60-foot boat when Montero fell overboard. The couple was six miles from the Ocean Reef Club in North Key Largo when Andrea Montero fell off the stern.

Florida Fish and Wildlife Conservation Commission reported that Juan Carlos Escotet Alviarez immediately jumped in to try to save her but was hit by the boat propeller and died on impact, according to an accident report filed Sunday by the FWC.

The FWC did not mention Andrea Montero, and it is unclear if she suffered any injuries from the accident.

Juan Carlos Escotet Alviarez Andrea Montero.
Juan Carlos Escotet Alviarez died after jumping into the Florida ocean to save his fiancée, Andrea Montero. The young man died after getting hit by the boat propeller. (Credit: Twitter)

Juan Carlos Escotet Alviarez was the youngest son of Juan Carlos Escotet Rodriguez Sr. and María Isabel Alviárez. He worked for the Miami branch of Banesco Bank, which his father owns. His two brothers also work for the branch.

According to the company’s website, Juan Carlos Escotet Alviarez was a director at the Miami branch and also the director of the Banesco International Corporation. According to the company’s website, the young man was a “member of the Loan, Risk, Audit, Marketing and ALCO committees. Director of Banesco International Corporation. Vast experience in Real Estate development in the Miami area. Graduate of the University of Miami.”

Alviarez’s father founded the original Banesco Bank and is the president of Banesco International. The billionaire’s bank has branches in Venezuela, the United States, Panama, Spain, Puerto Rico, the Dominican Republic, Colombia, Switzerland, Germany, Portugal, the UK, France and Brazil.

Angela Oraá, a journalist, reported the accident on her Instagram page. She said, “The bride fell into the water accidentally because of a stumble of the captain, when he approached to help the boy who was with the rod struggling with a fish. Escotet then rushed to rescue his fiancé. While she managed to get afloat without consequences, he did not suffer the same fate because of the propeller.”

The journalist said that the couple was planning to get married in November 2022. The billionaire’s son is set to be buried in Miami.

Banesco Bank has not released a statement about Alviarez’s death, but many Venezuelan newspapers have published online tributes to him.

 Juan Carlos Escotet Alviarez Andrea Montero
A billionaire’s son died after he jumped off a 60-foot boat to try and save his fiancée. Juan Carlos Escotet Alviarez and Andrea Montero were competing in a Florida Keys fishing competition when the accident happened. (Credit: Twitter)

Before Juan Carlos Escotet Alviarez’s death, the Ocean Reef Club made international headlines a week before when over 350 Haitian migrants were stopped on the club’s beach. According to reports, 158 of them jumped off a boat and tried to swim to shore, while 198 stayed behind.

Police agencies are investigating the incident as a possible smuggling event, and officials said that it was the largest migrant landing in the area in recent memory. Chief Border Patrol Agent Walter Slosar released a statement on Monday and said that there were no injuries or deaths after Sunday’s event.

“The criminal organizations that overload these vessels sacrifice the safety of the migrants for the sake of profits,” he said in a statement. “The coordinated and timely response of the U.S. Border Patrol and our federal, state, and local partners potentially saved the lives of these migrants today.”

The migrants that tried to swim to shore were taken in by U.S. Border Patrol and evaluated by emergency personnel. They will be interviewed and then sent back to Haiti. The 198 migrants who stayed on the ship were safely rescued by U.S. Coast Guard and will also be sent back to their home country.

According to reports, all of the migrants received food, water, medical attention, and basic necessities when they were taken into U.S. custody.

The boat is set to stay in the ocean until officials figure out a plan for the vessel. Contractors are scheduled to remove all fuel and oil off the ship.