Car Forum / Ferrari Cars / April 2006
Enzo crash update...
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matt borland - 24 Feb 2006 03:25 GMT Ferrari Owner Had Other 'Crash' Stefan Eriksson, whose $1-million car was totaled in Malibu, had been a top executive of a video game system maker that flamed out. By Richard Winton and David Pierson, Times Staff Writers
Stefan Eriksson had hoped that millions of video gamers would experience the thrill of street racing on a hand-held device he helped develop. But then Eriksson's $1-million Ferrari was totaled, an accident that gamers around the world may see as a cruel metaphor for the collapse of the portable console company.
Eriksson was a top executive for Gizmondo, a European video game system maker that two years ago garnered international headlines by challenging Sony and Nintendo with its own PSP-like device.
ADVERTISEMENT Eriksson received a $100,000 car allowance from the firm, according to records from the Securities and Exchange Commission, and drove in Le Mans, the famous French motor race, in a Ferrari plastered with Gizmondo signs.
The game company launched last year with a gala in London that included a performance by the pop star Sting. One of the firm's games, Chicane, involved exotic car racing.
But on the eve of Gizmondo's U.S. launch last fall, Eriksson resigned from the firm while in Los Angeles to market the device. His resignation came days before a Swedish newspaper alleged that Eriksson had been convicted of counterfeiting in the Scandinavian country in the early 1990s.
The company quickly collapsed, unable to sell enough devices to justify to game makers that they should supply more titles for the Gizmondo format. Loans could not be repaid, and the company incurred net losses exceeding $100 million, according to the SEC records.
The company's name is now a synonym for hubris in the game world, which was enrapt Wednesday with the news that Eriksson's lavish Italian sports car had been wrecked.
"The Gizmondo was bad enough but now this?" wrote one reader on the electronic game website gamespot.com.
"And you wonder why they went bankrupt," another gamer wrote.
Eriksson, 44, declined to be interviewed Wednesday, according to a security officer posted in front of his gated Bel-Air mansion.
But he had told authorities that he was a passenger in the car driven by a mysterious German man whom he knew only as Dietrich when the Ferrari Enzo lost control and crashed Tuesday on Pacific Coast Highway in Malibu. He said Dietrich fled on foot up a canyon and disappeared.
But detectives are skeptical of that explanation and said Wednesday that they were going to re-interview Eriksson. Witnesses told detectives the Ferrari was drag racing with a Mercedes-Benz SLR.
"His story has inconsistencies that need to be cleared up," Sheriff's Sgt. Phillip Brooks said.
The investigation has also centered on exactly how the Enzo got into the United States and how Eriksson came to possess it, Brooks said.
"We have quite a few new leads on that," Brooks said, but he declined to elaborate.
The crash occurred about 6 a.m. west of Decker Road when the Ferrari, traveling at 120 mph in the northbound lane, crested a hill and slammed into a power pole.
The car split in two, sending the engine flying and creating a 1,200-foot trail of debris, sheriff's deputies said.
The power pole was snapped about halfway up and suspended by power lines like a half-chopped corn stalk.
The Enzo is one of the most exclusive cars in the world, with only 400 ever made. Eriksson, who suffered only a bloody face and was seen walking about after the crash, was probably saved by the car's tough carbon composite compartment and seat that were designed to keep occupants in place. The compartment is also designed to absorb the impact of a crash to protect the occupants.
The accident comes amid a tough period for Gizmondo. This fall, a court in London ordered its parent company, the Jacksonville, Fla.-based Tiger Telematics, to liquidate its assets in Europe. Calls to Tiger Telematics were not returned.
Creamy Goodness - 25 Feb 2006 19:26 GMT Lavish? ...An Enzo is "lavish"?
I know the connotation is "extravagant", but like Versailles, right?
Isn't an Enzo too spartan to really be lavish?
>Ferrari Owner Had Other 'Crash' >Stefan Eriksson, whose $1-million car was totaled in Malibu, had been a top [quoted text clipped - 81 lines] >Telematics, to liquidate its assets in Europe. Calls to Tiger Telematics >were not returned. matt borland - 25 Feb 2006 20:46 GMT > Lavish? ...An Enzo is "lavish"? > > I know the connotation is "extravagant", but like Versailles, right? > > Isn't an Enzo too spartan to really be lavish? Tommy Hilfiger was heard to exclaim in disgust
"it doesn't even have automatic windows!"
Oh how I hated him at that point. A jealous hate, but hate nonetheless.
-Matt- "..."
Creamy Goodness - 26 Feb 2006 15:50 GMT >> Lavish? ...An Enzo is "lavish"? >> I know the connotation is "extravagant", but like Versailles, right? [quoted text clipped - 5 lines] > >Oh how I hated him at that point. A jealous hate, but hate nonetheless. It's not novel: "A Ferrari owner is not necessarily a Ferrari driver." - Enzo Ferrari
Eskalith - 26 Feb 2006 02:45 GMT > Lavish? ...An Enzo is "lavish"? > > I know the connotation is "extravagant", but like Versailles, right? > > Isn't an Enzo too spartan to really be lavish? There were some pretty good closeup pictures accompanying that story. FC was all ablaze trying to figure out who owned it. Kind of a joke, if you ask me, but celebrity-crazed-mewlings is actually a licensed and registered sport in California..
My question is, who was driving the SLR, and was the Enzo taking it at the time of impact ... I would think the Enzo could pretty much smoke the SLR.
 Signature And if the cloud bursts, thunder in your ear You shout and no one seems to hear. And if the band you're in starts playing different tunes I'll see you on the dark side of the moon
jimhallock@excite.com - 08 Mar 2006 18:47 GMT This must be it here,
http://tinyurl.com/mo76d
Yikes!
Jim (MN)
(Long time lurker with 328 dreams, and learning alot from you guys.)
Eskalith - 08 Mar 2006 21:39 GMT > This must be it here, > [quoted text clipped - 5 lines] > > (Long time lurker with 328 dreams, and learning alot from you guys.) Howdy. The funny thing about this - the Enzo is no longer a part of the story, just the entryway. The story is this Erikssen guy - another one of those rich megalomaniacs who loses touch with reality as the cash pile grows bigger (or smaller FROM bigger). I love this sh.t. It is the truest vision of what modern day man really is. Give any one of us an absolute shitpile of money and then roll the dice to see if you get to watch sanity slowly drift away.
 Signature And if the cloud bursts, thunder in your ear You shout and no one seems to hear. And if the band you're in starts playing different tunes I'll see you on the dark side of the moon
matt borland - 08 Mar 2006 22:00 GMT > > This must be it here, > > [quoted text clipped - 13 lines] > an absolute shitpile of money and then roll the dice to see if you get > to watch sanity slowly drift away. Whatever man, they need to find Dietrich! HE'S the one! HE did it!
Anybody else imagine old Barney Miller reruns at the mention of that name?
-Matt- "R.I.P. Jack Soo."
Tiger Racing - 09 Mar 2006 08:34 GMT <<The story is this Erikssen guy - another one of those rich megalomaniacs who loses touch with reality as the cash pile grows bigger>>
Says who? How do you know this guy wasn't a freak before he made it rich?
C.
gsd - 09 Mar 2006 13:55 GMT Tiger lady brings up a good point, to which I would add - One has to be at least a bit off center (off center can be in a good way) in order to acquire a huge pile of cash. In this case, the guy did it while his company crashed and burned. There is a definite parallel between his business and automotive stories.
Jim 9189, 3677.
> Says who? How do you know this guy wasn't a freak before he made it > rich? > > C. Eskalith - 09 Mar 2006 18:13 GMT > <<The story is this Erikssen guy - another one of those rich > megalomaniacs who loses touch with reality as the cash pile grows [quoted text clipped - 4 lines] > > C. I never said that - that heats up the pot even more!! Nothing like a crazy lunatic who's been able to somewhat reign it in until he hits the jackpot, and then all the valves pop! It's satire done in reality-show style! Not as good as Michael Jackson, of course, but still ... for on-the-fringe car people, this is where it's at.
 Signature And if the cloud bursts, thunder in your ear You shout and no one seems to hear. And if the band you're in starts playing different tunes I'll see you on the dark side of the moon
sqdancerLynn - 09 Apr 2006 10:12 GMT The continuing saga of the Enzo BOTH the Enzo & the MB were financed thru a Scotish bank & never paid for. As to the MB His wife/girlfriend was stopped by the Beverly hills Police driving the MB with Euro plates & it was impounded. Big question remains as to how he got them to Calif
Tiger Racing - 11 Apr 2006 01:28 GMT This morning from the LA Times:
http://www.latimes.com/news/local/la-me-ferrari10apr10,0,4117260.story?coll=la-h ome-headlines
Arrest Is Made in Ferrari Accident
Stefan Eriksson, held on suspicion of grand theft, hadn't made payments on the Enzo wrecked in Malibu or on two other cars, authorities say.
By Richard Winton and David Pierson, Times Staff Writers April 10, 2006
Sheriff's deputies have arrested the Swedish video game executive who crashed in a rare Ferrari in Malibu in February, alleging that he didn't own that car and others in his $3.5-million exotic car collection, authorities said Sunday.
Stefan Eriksson faces grand theft charges after detectives raided his gated Bel-Air estate Friday night, spent six hours searching it and then took him into custody Saturday night.
Los Angeles County sheriff's spokesman Steve Whitmore said detectives concluded that the wrecked Ferrari, a red Enzo - as well as a rare Mercedes and a second, black Enzo - were owned by British financial institutions.
The cars were purchased in Britain last year when Eriksson lived there. He apparently brought them to Los Angeles when he moved here. But financial institutions that held titles to the cars informed detectives that payments had lapsed, Whitmore said.
The arrest underscores that what started as a curious auto accident on Pacific Coast Highway has expanded into a multi-pronged investigation, he said. The search was conducted by the sheriff's emergency operations bureau, part of the county's Homeland Security division.
"This is the beginning of the investigation," Whitmore said. "All three cars have now been confiscated."
Although no one was seriously injured in the crash, the investigation has generated significant attention because of the strange circumstances surrounding it and the fact that it destroyed one of only 400 Enzos ever built. Authorities believe the car was going 162 mph when it smashed into a power pole.
Eriksson told deputies who arrived at the scene that he was not the driver and that a man named Dietrich had been behind the wheel.
Eriksson said Dietrich fled the scene, but detectives have been openly skeptical of this story.
Investigators took a swab of Eriksson's saliva in order to match his DNA against blood found on the Ferrari's driver-side air bag. The comparison results are back, but detectives won't release the findings.
A blood-alcohol test on Eriksson at the time showed him to be above the legal limit for driving in California, so he could face several other charges if he's found to be the driver.
Eriksson also told deputies that he was deputy commissioner of the police department of a tiny transit agency in the San Gabriel Valley.
A few minutes after the crash, two men arrived at the scene, identified themselves as Homeland Security officers and spoke to Eriksson at length before leaving.
Detectives are investigating any connection Eriksson may have had to the agency.
Eriksson, 44, was booked into the Men's Central Jail in downtown Los Angeles. He is being held without bail because U.S. Immigration and Customs Enforcement has put a hold him, though it is unclear why. His attorney could not be reached for comment.
Eriksson was an executive with Gizmondo, a European video game company that filed for bankruptcy earlier this year with more than $200 million in debt. According to Swedish authorities, he served prison time in the early 1990s after being convicted of counterfeiting.
During the search at Eriksson's Bel-Air home, detectives found the black Enzo, worth more than $1 million, Whitmore said.
His Mercedes-Benz SLR McLaren, worth $600,000, was seized last month when his wife was stopped in Beverly Hills on suspicion of driving without a license. That car had been reported stolen to London's Scotland Yard.
The case has been the talk of exotic car groups since the accident. On Sunday, some Ferrari aficionados expressed hope that the episode might finally be over.
"The Ferrari community is very upstanding and a very serious group of people," said Gil Lucero, Pacific region president of the Ferrari Club of America. "It's unfortunate folks with more money than sense get into these things."
Thomas Andersson - 13 Apr 2006 12:48 GMT > "It's unfortunate folks with more money than sense get > into these things." How often hasn't this been said in this very ng? ;)
Best Wishes Thomas *Ashamed that the jerk was a swede*
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