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Million-Dollar Ferrari Crashes in Malibu (pic + video)

Quote:

A driver lost control of a Ferrari sports car traveling 120 mph along Pacific Coast Highway in Malibu this morning, slamming into a power pole that cut the car ? which sells for up to $1 million ? in half, according to authorities.

One man suffered minor injuries. He was identified as Stefan Erikssen, of Bel-Air, said Sgt. Philip Brooks of the Los Angeles County Sheriff's Department.

The sports car went airborne and struck a power pole 5 to 10 feet off the ground, Brooks said. The car was demolished, but two air bags deployed.

"You pay a million bucks for a car, you expect safety," Brooks said.

Investigators said they believe the driver was alone in the car and was engaged in a street race at the time of the accident. Erikssen told them the driver of the car fled on foot, but a search turned up no one, Brooks said.

The crash took place about 6:15 a.m. near Decker Canyon Road, an exclusive area of multimillion-dollar estates overlooking the Pacific in west Malibu, near Leo Carrillo State Beach.

The car ? reportedly a Ferrari Enzo worth between $600,000 and $1 million ? has a top speed of more than 200 mph.

Traffic on PCH was disrupted this morning during the investigation of the incident.

Brooks said the area is not known for street racing.

"We get some speed violations, but nothing over 70 mph," Brooks said.

http://www.latimes.com/la-022106cras...ck=1&cset=true

pic (small): http://www.latimes.com/media/thumbna...2/22076617.jpg

video: http://www.latimes.com/la-022106ferr...usiness-invest

The car he was racing was a Mercedes SLR

damn
next time he better donate the money to me .. rather than wasting it :)

$1m car racing a $450k car? crazy shit

that's terrible, good thing he only got minor injuries.

What an idiot. If you can't control your car don't race it. What a waste of a cool ride.

some of us are just obsessed with high speed cars
pity how few know to control themselves

what a waste of money

:smokin

I've heard a few different reports, each with a few different accounts and versions of the "facts".

Quote:

Originally Posted by King Adam

What an idiot. If you can't control your car don't race it. What a waste of a cool ride.

i agree, what a douchebag

This guy goes by the name "Tjocke-Steffe" Eriksson (Chubby-Steffe). and is a notorious jailbird + member of a swedish mob gang. Until recently he was the "head of security" for Gizmondo....

Quote:

Originally Posted by chupachups

This guy goes by the name "Tjocke-Steffe" Eriksson (Chubby-Steffe). and is a notorious jailbird + member of a swedish mob gang. Until recently he was the "head of security" for Gizmondo....

yay, swedish upsalamob

Bye bye :Oh crap

LOS ANGELES -- The Swedish video game entrepreneur involved in the 162-mph crash of a Ferrari has been arrested, accused of grand theft for an unauthorized collection of exotic cars, authorities said.

Detectives concluded that the wrecked Enzo Ferrari - one of only 400 made - along with a Mercedes and another Enzo Ferrari in Stefan Eriksson's collection were actually owned by British financial institutions, said Sheriff's spokesman Steve Whitmore.

Eriksson apparently brought the cars to Los Angeles when he moved from Britain last year, but the financial institutions that held the titles said his payments had lapsed. Authorities have said the $600,000 Mercedes had been reported stolen to London's Scotland Yard. The Ferrari was worth more than $1 million.

All three cars have been confiscated, and Eriksson, 44, was arrested at his Bel-Air home Saturday, Whitmore said.

He is being held without bail because U.S. Immigration and Customs Enforcement put a hold him, the Los Angeles Times reported Monday.

The Ferrari crash spun into a web of mystery when Eriksson told authorities he was only a passenger in the car and that the driver was a German acquaintance he knew only as Dietrich. He said Dietrich ran into the hills, but a search by deputies turned up no one.

Officials have questioned Eriksson's story, noting that only the driver's side air bag had blood on it and Eriksson had a cut lip. The front of the red Ferrari crumpled when it slammed into a poll on the Pacific Coast Highway on Feb. 21.

Eriksson was an executive with Gizmondo, a European video game company that filed for bankruptcy.

whoa , serious crash...

Damn.. I hope it was worth it :)

Whoa..that was a spectacular crash

hope he had some good insurance, heh

i thought you were talking about this one.. i thought it was kind of funny..

busta ryhmes almost getting arrested after filming a crashed ferrari

http://www.filecabi.net/video/busta-rhymes-ferrari.html

damn thats what you get for driving 120 mph . lol