An EPIC E-1000 single engine high performance Turboprop Aircraft crashed during the approach into Egelsbach Airfield near Frankfurt Germany at 15.30 local time this afternoon. Egelsbach is the business aviation airfield for the Frankfurt area. The aircraft was on an IFR flight from Cannes, France to Egelsbach. During the approach, the (single) pilot canceled the IFR portion of the flight in order to continue the approach under VFR rules. Seconds after the cancelation, the aircraft crashed into an asparagus field, killing the pilot and the two russian passengers. One of the passengers was the 55 year old co-owner of S7 aviation, Natalija Filjowna, one of the richest women in Russia. Below an example of the aircraft. I did not know, that this type of a/c was already certified in Europe. A real hot rod with some demanding flight characteristics, especially during low speeds and single piloted on an IFR/VFR approach into a strange airfield. I fly regulary into Egelsbach. High density traffic area, a quite complicated traffic pattern due to Frankfurt airspace restrictions and several (many) noise sensitive areas. Very easy to get behind the a/c, especially in one of those race horses. The tower controllers of this airfield are most of the time more concerned about the noise abatement procedures, than the traffic safety. While rushing to the scene of the accident, a police car with 3 police men was hit head on by private car killing 3 people in that car and leaving the 3 police men heavily injured behind. The private car had just collided with one more car during a failed overtaking maneuver and was then catapulted into the police car. Real Bad luck rarely comes unaccompanied !!!!