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Car Forum / Ferrari Cars / April 2006

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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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