Feeds

Ex-Gizmondo exec on trial for Ferrari theft

Embezzlement and drunken driving too

Top 5 reasons to deploy VMware with Tegile

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.

Eriksson's crashed FerrariBo 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.

"I cannot agree that I stole the car because I didn't," he told the judge, Reuters reports. But the prosecutors say that he had stopped making payments on the Ferrari, along with another Ferrari Enzo and a rare Mercedes, worth $4m in toto, and he had imported the cars into the US, breaking terms set by their owner, a UK leasing company.

Eriksson has served jailtime in Sweden for assault, forgery and fraud and left Gizmodo in October last year, after his criminal past was revealed in the Swedish press. In the US, he also faces weapons charges. ®

Intelligent flash storage arrays

More from The Register

next story
All aboard the Poo Bus! Ding ding, route Number Two departing
Only another three days of pooing and I can have a ride!
Official: European members prefer to fondle Apple iPads
Only 7 of 50 parliamentarians plump for Samsung Galaxy S
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Space Commanders rebel as Elite:Dangerous kills offline mode
Frontier cops an epic kicking in its own forums ahead of December revival
Nexus 7 fandroids tell of salty taste after sucking on Google's Lollipop
Web giant looking into why version 5.0 of Android is crippling older slabs
Dragon Age Inquisition: Our chief weapons are...
Bioware's fantasy forces in fine fettle
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.