What was earlier reported and now disappeared about sharp pencilling the logbook etc. seems to be true. The president and biggest shareholder of Copterline has been banned from flying by the FAA for 9 months. He took the case to court and lost the first round. At the moment the case is still open so he can keep on flying.
So far all the passengers and one pilot has been raised from the chopper while the other pilot is missing. The chopper is planned to be raised either later today or tomorrow.
I can neither see anyone blaming the pilots. According to eyewitness reports a technical malfunction seems to be more likely reason but we shall see what comes up in the investigation.