It started with Stefan toasted his rare Ferrari. It got worse when his wife was busted for driving without a license. But then all his cars got seized AND he was charged with numerous offenses.

Now, according to The SFGate.com Stefan has plead not guilty through his attorneys and was ordered held on $5.5 million bail.

Deputy District Attorney Tamara Hall requested that bail be set at $5.5 million to cover the $3.8 million cost of the cars and because authorities consider Eriksson a flight risk after finding he had booked an April 10 flight to the United Kingdom.

Los Angeles Superior Court Judge Mary Strobel set a bail review hearing for April 24.

If convicted on all counts, Eriksson could be sentenced to as many as 14 years in state prison.