Former Gizmondo Exec Loses More Swag

Video Game Law Blog

July 10, 2006

Ferrari Enzo aside, it's been a rough ride for former Gizmondo executive Bo Stefan Erikkson.  First he was convicted for fraud and other charges relating to his involvement with the Swedish mafia .  Then, Gizmondo went bankrupt .  Then he was charged with grand theft auto for bringing two Ferraris and a Mercedes that he did not allegedly own into the United States, and got himself in even more hot water for crashing one of those Ferraris in California while allegedly under the influence.  Now, his cars are being shipped back overseas to the British banks that allege they are the rightful owners of the cars.  Erikkson is awaiting trial in California.  Read coverage from CBS here .