Feeds

Ex-Gizmondo exec on trial for Ferrari theft

Embezzlement and drunken driving too

Internet Security Threat Report 2014

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

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.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.