Former Gizmondo Exec in Million$ Ferrari Crash

[DudeAsInCool]

Million-Dollar Ferrari Crashes in Malibu

A driver lost control of a Ferrari sports car traveling 120 mph along Pacific Coast Highway in Malibu this morning, slamming into a power pole that cut the car — which sells for up to $1 million — in half, according to authorities.

http://www.latimes.com/la-022106crash_lat,...mostemailedlink

[Wolfie]

What a waste....

[Tiremonkey2000]

What an ASS thumbsdown

[DudeAsInCool]

Ex-Gizmondo exec crashes Ferrari

Published: February 22, 2006, 5:26 PM PST

When Tiger Telematic's Gizmondo was announced in 2004 as the next handheld that would challenge gaming powerhouses Nintendo and Sony in the portable market, some analysts felt like they were watching a car crash in slow motion.

On Tuesday, one of those involved in the handheld's production witnessed his own car crash, on quite the opposite end of the spectrum from the figurative reference.

According to news reports, Stefan Eriksson, a former Gizmondo senior executive, was in a red 2003 Ferrari Enzo when the car, estimated at a value of $1 million, slammed into a pole on the Pacific Coast Highway in Malibu, Calif., doing approximately 100 miles per hour to 120 mph. Eriksson resigned from Gizmondo last year.

http://news.com.com/Ex-Gizmondo+exec+crash....html?tag=st_lh

[DudeAsInCool]

Another pic:

[DudeAsInCool]

So Speedy, So Exclusive, So Expensive, So Totaled

It was a Sigalert made for Malibu.

A red Ferrari Enzo — one of only 400 ever made and worth more than $1 million — broke apart Tuesday when it crested a hill on Pacific Coast Highway going 120 mph and slammed into a power pole.

The driver jumped out of the wreckage and ran into the canyon above, evading a three-hour search by a Los Angeles County Sheriff's Department helicopter and a mountain search-and-rescue team.

The crash did not result in serious injuries. But it sent shockwaves through both the tabloid and exotic car worlds as one group wondered if the driver was a celebrity and the other mourned the loss of a hand-built car revered by many as a work of art.

http://www.latimes.com/news/printedition/l...mostemailedlink

[DudeAsInCool]

Ferrari Case Takes New Twist With Possible Tie to Bus Agency

The trail leads to a nonprofit operating out of a Monrovia repair shop. More puzzling is its police force and 'anti-terrorism' unit.

March 3, 2006

As sheriff's detectives investigate last week's crash that destroyed a $1-million Ferrari, they are now looking into an obscure nonprofit organization that provides disabled people with transit in the San Gabriel Valley.

The car's owner, a former video game executive from Sweden, told Los Angeles County sheriff's deputies at the scene of the Feb. 21 accident in Malibu that he was deputy commissioner of the San Gabriel Valley Transit Authority's police anti-terrorism unit, detectives said Thursday.

A few minutes after the crash, two unidentified men arrived at the scene, flashing badges and saying they were from "homeland security," according to Sheriff's Department officials.

http://www.latimes.com/news/local/la-me-fe...-home-headlines

[DudeAsInCool]

More

http://www.engadget.com/2006/03/02/more-tw...-ferrari-crash/

[DudeAsInCool]

More

http://news.independent.co.uk/world/americ...ticle349542.ece

[DudeAsInCool]

Videotape of Crash May Surface

Source: LA Times

[Malicious Intent]

[DudeAsInCool]

Troubles Deepen for Stefan Eriksson

LOS ANGELES -- The investigation into a former Swedish video game executive who crashed a rare Ferrari in Malibu widened Monday as the U.S. Immigration and Customs Enforcement agency confirmed it is investigating Stefan Eriksson.

Eriksson, 44, is expected to appear in court Tuesday or Wednesday after sheriff's deputies arrested him over the weekend. They allege that his $3.5 million car collection -- the red Enzo Ferrari, a black Enzo and a custom Mercedes -- belonged to British financial institutions, not to him.

Sheriff's officials told the Los Angeles Times on Monday that in addition to the cars, detectives who searched his Bel-Air home seized several computers, a firearm and a substance believed to be cocaine. Sheriff's Department spokesman Steve Whitmore said the substance is now being tested.

Source

[DudeAsInCool]

The Strange Saga of Stefan Ericsson continues...

...The fates of Eriksson and Freer are also in question. Eriksson, 44, is in jail in Los Angeles awaiting trial on charges that include embezzlement, grand theft auto, illegally possessing a Smith & Wesson .357 magnum and driving while intoxicated. The counts arose from the Feb. 21 car accident and have become part a widening investigation into his activities after he entered the U.S. in August with two Ferrari Enzos and a Mercedes-Benz SLR McLaren, valued at $3.8 million and owned by British financial institutions. He had a lease contract on the vehicles, authorities said, prohibiting him from taking them out of the country....

Read more:

Source: LA Times

[method77]

What a waste....

a few months later after all this, it's still true

[DudeAsInCool]

Ferrari Driver Pleads Not Guilty to Crash Charges

A Swedish businessman who crashed a rare Ferrari Enzo on the Pacific Coast Highway pleaded not guilty today to grand theft of the car, embezzlement and drunken-driving charges.

Bo Stefan Eriksson, 44, appeared briefly in Superior Court in an orange prison jumpsuit, his hands shackled. His plea to seven felony charges and two misdemeanors was entered by his newly hired attorney, Alec Rose.

Eriksson is currently being held on $3 million bail and a federal immigration hold, but Rose indicated outside court that he would seek his client's release. Rose said he expects his client's trail, now set for July 31, to be postponed.

Read more:

Source: LA Tiimes