Bugatti Veyron owner who drove into lagoon admits fraud, faces 20 years in prison

The Texas man who drove his $1 million Bugatti Veyron into a lagoon as a insurance scam five years ago may soon have to pay for his crime in federal prison.

The U.S. attorney in Lufkin, Texas, said Tuesday that Andy House, 39, had pled guilty to one count of wire mail fraud in a federal criminal case filed two weeks ago. House's sentencing has not been set, but the maximum penalty under law is 20 years in prison.