Thursday, October 19, 2006

Ex-Gizmondo Exec on Trial in L.A. for Ferrari Theft


The remains of wrecked Ferrari Enzo involved in the February 2006 crash.
Image source: The Register


Drew Cullen writes on Reg Hardware:

A Swedish former executive of Gizmondo, the crash and burn handheld games firm, was in a Los Angeles court today, standing trial for drunken driving, car theft and embezzlement.

Bo Stefan Eriksson's world came crashing down on 21 February, one month after Gizmondo went bust with $200m debts, when he wrapped a $1m Ferrari Enzo around a lamppost on the Pacific Highway. He tested over the limit for alcohol, but denied driving the car at the time. A German guy, who he only knew as Dietrich, had been behind the wheel and had fled the scene, he said.

Eriksson, 44, later admitted making the story up, but on Monday he rejected a plea bargain that would have sent him to jail for two years and four months.

More here.

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