Gizmondo & Ferrari Destroyer Does (Little) Time

I previously covered the excellent Wired story about Bo Stefan Eriksson and the crazy happenings over at Gizmondo. The court results are in. Stefan is doing 3.5 years for embezzlement and drunk driving. Seems pretty lenient, if you ask me. You would think the DUI alone would result in more jail time - it certainly would if it happened in his home country of Sweden. Oh yeah. He was fined $5,000. Deputy District Attorney Tamara Hall says that "justice has prevailed".

Josh Goldman at CrunchGear comments:

An LA court sentenced him to 3 1/2 years in jail after entering a guilty plea to charges of embezzlement and drunk driving, which was sparked by his spectacular crash of a Ferrari Enzo into a telephone pole. His multi-million dollar home was seized as well, and he’ll be getting a swift boot out of the country after his time is served.

The BBC article is here. And, Emma Boyes at GameSpot UK sums it up nicely as well.

Tags: Gizmondo,Drunk,DUI,Ferrari,Enzo,VC,Venture Capital,Startups,Brian Berliner,brianberliner

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