Upon further review, it appears that there "may indeed be a pelican" afterall.

http://www.autoblog.com/2009/11/17/bugatti-bird-gate-update-2-new-evidence-of-mystery-pelican-avo/

The saga continues, but I still think the driver is a moron, albeit an apparently rich one.

That vid was pulled, but it's back up under this:

BUGATTI VEYRON CRASH INTO LAKE! Veyron crashes into lake

Some insurance photos of the swimming veyron getting stripped down

http://jalopnik.com/5465116/texas-bugatti-insurance-adjuster-photos-show-a-seriously-stripped-veyron/gallery/

Bringing this one back!

The dip shit who drowned the Veyron will be going on trial to face insurance fraud charages.
http://usnews.msnbc.msn.com/_news/2011/11/30/9123493-case-of-the-drowned-million-dollar-car-to-go-to-trial
He borrowed money from a friend to buy it, insured it at twice the cost, drove it into the salt marsh (claims to avoid invisible pelican) and leaves the car running in the marsh for 15 min until the engine is ruined.

Since there's no pelicans or signs of sudden direction changes in the video of the whole freaking thing, nor any skidmarks his insurers are not pleased 

I wish I had friends that would lend me millions and not question my motives.   
Sure seems to me that this idiot would have done the scam with no one else around. 

I think insuring it at twice its value might have tipped them off