Former Gizmondo executive officer Stefan Eriksson has lost his second exotic car, a $400,000 2005 Mercedes-Benz SLR McLaren. Last month, Eriksson's $1 million Ferrari Enzo was totaled in a shady crash on Pacific Coast Highway in Malibu. This past Sunday, Beverly Hills police confiscated his Mercedes after the driver, Eriksson's wife, was discovered to be operating the vehicle without a license. In addition, police determined that the car was not registered in the US and, upon contacting Scotland Yard, confirmed that it could be stolen — an unidentified financial institution claims ownership of the Mercedes.

Spyder Dobrofsky, a 13-year-old car enthusiast, captured the entirety of Sunday's incident on video.

[Thanks, SickNic]