A Swedish video game executive who crashed a rare Enzo Ferrari in Malibu faces grand theft charges after police discovered he didn't own the car.
Stefan Eriksson was being held without bail because the Immigration and Customs Enforcement have put a hold on him, though it's unclear why, The Los Angeles Times reported.
Police said Eriksson's wrecked red Enzo, a rare Mercedes, and a black Enzo Ferrari were owned by British financial institutions. The cars were purchased in Britain last year but financial institutions that held titles to the cars said the payments had lapsed, the newspaper reported.
The black Enzo Ferrari -- worth more than $1 million -- was recovered by police during a search at Eriksson's Bel Air home. His MacLaren Mercedes SLR, worth $600,000, was seized last month when his wife was stopped in Beverly Hills for driving without a license. It had been reported stolen to London's Scotland Yard, the newspaper said.
© Copyright 2006 by United Press International
