What happened
The FAA’s narrative, in sentence case. The FAA writes it in capitals and removes private details.
Narrative: the pilot stated, while flying a banner southbound along the new jersey shore he began to experience smoke in the cabin. He immediately began to return to our airfield, he experienced a complete engine failure. The engine failure was a direct result of an overheated electrical wire that shorted the magneto "p" leads. This incident is considered closed.
As the FAA filed it
NARRATIVE: THE PILOT STATED, WHILE FLYING A BANNER SOUTHBOUND ALONG THE NEW JERSEY SHORE HE BEGAN TO EXPERIENCE SMOKE IN THE CABIN. HE IMMEDIATELY BEGAN TO RETURN TO OUR AIRFIELD, HE EXPERIENCED A COMPLETE ENGINE FAILURE. THE ENGINE FAILURE WAS A DIRECT RESULT OF AN OVERHEATED ELECTRICAL WIRE THAT SHORTED THE MAGNETO "P" LEADS. THIS INCIDENT IS CONSIDERED CLOSED.