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Ex-Spurs Owner Peter M. Holt and Former Yacht Captain File Dueling Lawsuits Over Drug-Smuggling Claims

The filings could draw scrutiny from customs and regulators because they describe cross-border drug runs through Houston.

Overview

  • The dueling cases, filed last week in Blanco County and Harris County, present Jones’s claim of coerced smuggling against Holt’s allegation of extortion and theft.
  • Jones says Holt directed him to buy Xanax and Provigil in Costa Rica with his passport, carry them through Houston’s Bush Intercontinental Airport, and hide them on a yacht or private jet, citing photos and a voicemail to “stash it and hide it.”
  • Holt denies any smuggling scheme and says Jones fabricated the story to demand millions, while also accusing him of diverting more than $1 million and using company resources for personal trips.
  • Jones says he resigned in January after refusing further requests and feared losing his Coast Guard captain’s license, as Holt says he offered nearly $400,000 in severance after the resignation.
  • Both lawsuits remain civil with no public criminal charges, and the dispute went to mediation alongside a forensic audit that Holt says uncovered substantial monies obtained by Jones.