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Black Enzo owned by the mong who destroyed a red one...


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  • 4 weeks later...

Police impound Eriksson's Mercedes

 

A month after losing his Enzo Ferrari in a crash on a Californian highway, former Gizmondo executive Stefan Eriksson has been forced to say farewell to another luxury car after police impounded his Mercedes-Benz SLR McLaren.

 

According to the LA Times Eriksson's wife, Nicole Persson, was driving the car when a Beverly Hills police officer's suspicions were aroused by its European licence plate.

 

He stopped the vehicle and found that Persson was unable to produce a driving licence. Further investigations revealed that the $400,000 Mercedes was not registered in the US, and after contacting Scotland Yard, police learned that the car may have been stolen.

 

LA County Sheriff Sergeant Phil Brooks said that Eriksson is now left with just one of the three luxury cars he imported into the US last year. "He brought in through San Diego two Ferraris and the Mercedes and said they were show cars and that he was not going to drive them on the streets," Brooks said.

 

Police are still investigating the incident last month where Eriksson's Enzo Ferrari was destroyed on a Pacific Coast highway. Eriksson claimed the car was being driven by a man named Dietrich, but so far police have been unable to ascertain his whereabouts.

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  • 2 weeks later...

Eriksson held without bail

 

Former Gizmondo executive Stefan Eriksson is facing grand theft charges after Los Angeles detectives concluded that three of his luxury cars actually belong to British financial institutions.

 

According to the LA Times, police raided Eriksson's Bel-Air mansion on Friday night and conducted a six hour search of the property. Eriksson was later taken into custody, and his USD 1 million black Enzo was confiscated.

 

Sheriff's spokesman Steve Whitmore told the LA Times that detectives believe the car belongs to UK banks, as did Eriksson's red Enzo, which was destroyed in a crash on a Pacific highway in February, and his Mercedes SLR McLaren -which was seized last month after his wife was caught driving without a license.

 

Eriksson purchased all three cars in the UK, and brought them with him on moving to LA. But Whitmore said that two financial institutions claim they hold the titles to the cars, and that payments have lapsed.

 

"This is the beginning of the investigation," Whitmore said. "All three cars have now been confiscated."

 

Eriksson is being held without bail at the request of US Immigration and Customs Enforcement.

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Former Gizmondo handheld console executive Stefan Eriksson has been charged on multiple counts following his high-profile Ferrari crash in Los Angeles in February, according to an Associate Press report.

 

Eriksson, who resigned from the now bankrupt Gizmondo Europe last October following controversy over Gizmondo's financial performance and significant financial perks to company directors, was claiming that he was merely a passenger in the 2003 Ferrari Enzo, which crashed into a light pole on the Pacific Coast Highway, shearing the car in two.

 

A 'German man called Dietrich', the supposed driver, according to Eriksson, allegedly fled the scene, but the Los Angeles police department have now charged Eriksson with two misdemeanor counts of drunken driving, indicating that they disbelieve his story.

 

In addition, and more seriously, Eriksson has been arraigned on felony charges of embezzlement, grand theft and possession of a gun by a felon, resulting from his importation to the U.S. of two Enzo Ferraris and a rare Mercedes worth an estimated $3.8 million, according to authorities.

 

Deputy District Attorney Steven Sowders commented in a statement that these cars were simply leased to Eriksson from multiple British financial institutions, and he had no right to remove them from England. Bail for Eriksson, who had already been arrested on suspicion of a subset of the charges, was set at $5 million, and he could face up to 14 years in prison if convicted.

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A report in the British newspaper the Mail On Sunday has alleged that Kevin Maxwell, the son of the late media tycoon Robert Maxwell, was involved in a failed bid to rescue collapsed mobile gaming company Gizmondo.

 

According to the paper, Maxwell held a meeting with top executives at Gizmondo last year and discussed a deal which would have seen him providing funding to keep the firm afloat in exchange for a stake in Gizmondo's US parent company, Tiger Telematics.

 

The deal fell apart, however, when Maxwell failed to produce the funding. Along with his brother Ian, Kevin Maxwell had previously been declared bankrupt with debts of over GBP 400 million - a figure which even dwarfs the debts with which Gizmondo finally sank

 

The deal fell apart, however, when Maxwell failed to produce the funding. Along with his brother Ian, Kevin Maxwell had previously been declared bankrupt with debts of over GBP 400 million - a figure which even dwarfs the debts with which Gizmondo finally sank.

 

Although Maxwell was acquitted of charges of fraud in the wake of the collapse of the Maxwell media empire in the early nineties, after the suspicious death of controversial media tycoon Robert Maxwell, the actions of the Maxwell brothers and their father were described by the UK's Department of Trade and Industry as "inexcusable."

 

In a related story, disgraced former Gizmondo executive Stefan Eriksson - who left the company prior to its collapse after it emerged that he had been convicted for his involvement with mafia organisations in Sweden - has been charged on a number of counts after his arrest in the USA last week.

 

Eriksson, who hit the headlines after his Ferarri Enzo crashed into a pole on a Californian highway at 162mph a few weeks ago, has been charged with embezzlement, grand theft and being a felon in possession of a gun, as well as two counts of drunk driving.

 

The embezzlement charge relates to taking three cars, including the Enzo, worth a combined amount of over US$ 3 million out of Great Britain despite being prohibited from doing so by lease agreements, while the gun possession charge is due to a gun being found in his home in Los Angeles in contravention of a law preventing convicted felons from possessing firearms. Eriksson has a felony conviction for counterfeiting dating from the early nineties.

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latest news....

 

The man who crashed a Ferrari Enzo at 162mph has pleaded not guilty to a charge of grand theft, embezzlement, drink-driving, weapons violations and other charges. At Los Angeles Superior Court yesterday, Swedish video game executive Stefan Eriksson pleaded via his lawyers and was held pending the payment of a stunningly huge (for the type of crime involved) $5.5 million bail.

 

The judge set bail at $5.5 million to cover the cost of the cars and because Eriksson was deemed a flight risk, after the authorities found that he had booked an flight to the UK for 10 April. Eriksson's lawyer rebutted this and said his client was not a flight risk because of his ownership of a home and business in LA.

 

This followed the bizarre accident in which he escaped from the rare, £400,000 V12 6-litre machine, the back of which was entirely wiped out, with just a cut lip. He said he wasn't driving. When they eventually caught up with Eriksson last week, police took six hours to search his gated estate home and then took him to the local nick.

 

The conclusion was that Eriksson owned neither the Enzo nor any of the others in his $3.5 million collection. Instead, they were owned by financial institutions in the UK, from whom they were leased -- and the contracts prohibited him from taking the cars out of the country.

 

Eriksson was living in the UK last year and bought the cars then. He took the machines with him on moving to Los Angeles.

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