Former Gizmondo exec goes directly to jail
by Alexander Sliwinski 
{ Nov 8th 2006 at 10:35PM }
Former Gizmondo executive, Bo Stefan Eriksson, plead guilty yesterday to embezzlement and drunk driving charges. He will serve 3 1/2 years in prison, have his California mansion seized to pay debts and be deported from the U.S. after his prison sentence is over. So ends the epic of Gizmondo.The plea comes a week after a Los Angeles jury deadlocked 10-2 of convicting Eriksson on embezzlement and car theft charges. The cars that Eriksson allegedly stole includes the $1 million Ferrari Enzo he obliterated. The Ferrari incident took the Gizmondo story of corruption, from passing fancy, to full-blown prime-time gaming industry soap opera.
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Reader Comments (Page 1 of 1)
crono141 @ Nov 9th 2006 7:50AM
Did he get to pass "Go" first, and collect 200 dollars?
Scott @ Nov 8th 2006 10:41PM
He definitely doesn't pass Go
Bob @ Nov 8th 2006 11:06PM
nor collect 200 dollars
Chris m @ Nov 8th 2006 11:12PM
ha ha ha sorry i can't help but laugh, this idiot actually thought he could get away with everything he done and now he gets away with nothing
Person @ Nov 8th 2006 11:15PM
Looks like he drew a bad chance card.
MrD @ Nov 8th 2006 11:32PM
Dang, that's more than "do not pass go," it's "don't pass go, we'll take all your money, and you're kicked off the board."
He definately deserved it, though.
GoPodular @ Nov 9th 2006 1:17AM
They scammed *hundreds of millions*, cruised in multi-million dollar yachts, drove million dollar vehicles, and he only gets 3-1/2 years?
This isn't even a slap on the wrist. He'll be out in two years with good behaivior. And I'm quite sure there's money stashed away for him somewhere.
Pixelantes Anonymous @ Nov 10th 2006 4:58PM
GoPodular, he wasn't convicted of defrauding the Gizmondo investors, but for his adventures in the US.
The fraud charges will probably come in due time. Last I heard the lawyers responsible for sorting out Gizmondo's corpse have some serious questions about the finances of the company.