Two New Jersey state troopers have been suspended and more are under investigation after they allegedly led a high-speed procession of luxury cars down the Garden State Parkway last month.

Frightened motorists reported that at least 30 high-performance cars, including Porsches, Lamborghinis and Ferraris, were barreling down the highway at speeds of more than 100 miles per hour, on March 30.

Instead of collaring the speedsters, officials say the troopers were escorting the caravan with lights flashing and sirens on – quite the reversal of a normal police chase.

The high-performance luxury cars, which had strips of tape over their license plates, weaved in and out of regular traffic and created life-threatening hazards to those unaware of the high-speed developments, according to witnesses, as they made their way to Atlantic City.

The Star-Ledger of Newark, N.J. first reported the story.

A State Police spokesperson told the newspaper that such escorts are only allowed "on rare occasions" for events such as high-profile funerals.

"The state is very lucky no one was killed today," wrote witness Wayne Gantt in a letter to the New Jersey Turnpike Authority.

Former New York Giants running back Brandon Jacobs was part of the procession, his agent told the newspaper. Jacobs often drives with the Driving Force Club, a group of racing fanatics based in New York City.

Hours after The Star-Ledger first reported the unauthorized caravan, a profanity-laced video emerged (see above) of a similar incident in June 2010, where luxury sports cars were being escorted down the Garden State Parkway by state troopers.

In the 2010 incident, video posted from a rally described the caravan as a charity event and, according to the newspaper, suggested "the state police were officially involved in the caravan."