According to The Lufkin Daily News reporting on the case, House wrecked the Veyron in November 2009 after purchasing it for $1 million and insuring it for $2.2 million. His plan was allegedly to ruin the Bugatti, pay back his loan and pocket the rest. After crashing it, House left the car running in the salt water to make sure the supercar's engine sucked in enough H2O to thoroughly destroy it. Of course, the incident was captured on video by passing motorists, and that messed up his scheme. House hasn't been sentenced yet, but he could face up to 20 years in federal prison.
According to our earlier story on the case, House at one point tried to use the creative alibi that the reason he left the Veyron running for so long was that he was being bitten by mosquitos and didn't want to go back to the car to shut it off. Before the crash, he also reportedly tried to pay someone to steal the car and torch it. This Bugatti didn't stand a chance. Scroll down to watch the video that started it all. Warning: it does contain some explicit language.