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Ex-Gizmondo Exec Stefan Eriksson Pleads Not Guilty
Bo Stefan Eriksson, 44, a former executive with the now bankrupt video game company Gizmondo Europe, pleaded not guilty to the charges stemming from the dramatic 160 mph (257.5 kph) crash of the rare red Enzo Ferrari in February along the winding Pacific Coast Highway. A month before wrecking the Ferrari, Gizmondo Europe declared bankruptcy with more than $200 million in debt.
California prosecutors allege that the crashed Ferrari along with another Enzo Ferrari and a Mercedes-Benz McLaren SLR -- worth a total of nearly $4 million -- were reported stolen by British banks because payments on a lease had ceased in late 2005. They also say Eriksson imported the cars to the United States in violation of those lease agreement. Three witnesses from Britain are flying to Los Angeles to testify at the jury trial, which is expected to last about two weeks.
Posted by | Thu, Oct 19, 2006 - 07:07 AM
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