A man police say lost control of his Ford Mustang during a Los Angeles street race and killed two people after crashing into a crowd surrendered to authorities on Saturday night, according to news reports.

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The LA Times reports that Henry Michael Gevorgyan, 21, surrendered at an LAPD station and is now in custody. Police have said they plan to file murder charges against him.

According to a video of the incident, the Mustang police say was driven by Gevorgyan was racing a Nissan GT-R around 2 a.m. Thursday when it swerved into a crowd of people watching the race. The car hit the curb and spun 180 degrees before coming to rest on the sidewalk. Two people were killed and a third was seriously injured.

Police have said there were about 60 witnesses to the crash who fled the scene immediately after. The driver of the GT-R also fled, but the Times reports police haven't said whether that driver has been identified or arrested.

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Meanwhile, CBS Los Angeles reports that LA City Council Member Mitch Englander has proposed a plan to increase penalties for deadly street racing and hit-and-run crashes, which includes giving police the power to seize and sell or destroy their vehicles.

"They post on their websites that, 'Oh this poor Mustang, look what happened to this Mustang'," said Englander. "Two people died, somebody was seriously injured, and so, yeah, we're gonna hit 'em where it hurts."

Photo credit LAPD/ABC7

Hat tip to Ilya