Feeds

Ex-Gizmondo exec on trial for Ferrari theft

Embezzlement and drunken driving too

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
Report: Apple seeking to raise iPhone 6 price by a HUNDRED BUCKS
'Well, that 5c experiment didn't go so well – let's try the other direction'
Video games make you NASTY AND VIOLENT
Especially if you are bad at them and keep losing
Microsoft lobs pre-release Windows Phone 8.1 at devs who dare
App makers can load it before anyone else, but if they do they're stuck with it
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Nvidia gamers hit trifecta with driver, optimizer, and mobile upgrades
Li'l Shield moves up to Android 4.4.2 KitKat, GameStream comes to notebooks
Gimme a high S5: Samsung Galaxy S5 puts substance over style
Biometrics and kid-friendly mode in back-to-basics blockbuster
AMD unveils Godzilla's graphics card – 'the world's fastest, period'
The Radeon R9 295X2: Water-cooled, 5,632 stream processors, 11.5TFLOPS
Sony battery recall as VAIO goes out with a bang, not a whimper
The perils of having Panasonic as a partner
NORKS' own smartmobe pegged as Chinese landfill Android
Fake kit in the hermit kingdom? That's just Kim Jong-un-believable!
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.