Newport Beach CA  -Fox New 11 L.A. reported that the a red Ferrari split in half as it slammed into a light pole in Newport Beach today, killing the driver and injuring a passenger. 

The accident on southbound Jamboree Road near Camelback Street occurred just before 1 a.m., according to a Newport Beach Police Department lieutenant. Southbound Jamboree Road will be closed at University Drive until about noon, police said.

The impact of the crash broke the car in half and left the front portion of the high-performance Italian sports car crushed by the light pole.

"It apparently was traveling at a high rate of speed, and it left the roadway, hit the curb, took out a light pole, and ... someone is deceased in the vehicle and we don't know who that person is at this particular time," Newport Beach police Lt. Steven Shulman told ABC7 at the crash site.

An unnamed source has told Ringleadfightnews.com that the deceased driver was TapouT Crew member and part onwer of the multi-million dollar company, “Mask.” The information could not be verified and is still speculation at this point.

Police Lt. Steven Shulman told Fox News 11, "the coroner will identify that person, notify the family, and hopefully the passenger that we believe was in the vehicle will survive the injuries and we will find out a little bit more at that point." 

A second victim was taken to a hospital following the accident, a Newport Beach Fire Department dispatch supervisor said. Her condition was not immediately reported. The injured victim was a female passenger who was ejected in the crash, On Scene reported.