The driver whose weekend wipeout of his yellow Lamborghini has become YouTube gold is a 39-year-old Illinois business executive who “just lost it as he accelerated,” according to witnesses quoted in an accident report.

William Whitaker was cited for “failing to reduce speed to avoid an accident,” noted Wheeling Police Department officers. As seen in the above video shot by a highly amused passenger in a trailing vehicle, Whitaker lost control of his car after turning at an intersection (which, of course, was directly proceeded by Whitaker revving the Italian sports car’s powerful engine).

Whitaker lost control of the 2004 Gallardo and sandwiched it between a pair of lesser vehicles waiting at a red light--a 2006 Honda CR-V and a 2000 Mercury Grand Marquis. The drivers of those autos told cops that Whitaker took the turn “at a high rate of speed,” according to the accident report.

While none of the drivers were injured during Sunday afternoon's crash, the Lamborghini and the Honda sustained enough damage that they had to be carted away by representatives of Gene’s Village Towing.

Whitaker, president of Thiessen Communications, a commercial printing firm, did not return messages left at his office and on his cell phone. He lives about 15 miles from the crash scene in a gated community where he last year purchased a home for $650,000.