CNN is reporting this too:
http://www.cnn.com/2006/US/04/10/fer....ap/index.html
"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."