Enzo guy (Eriksson) gets 3 years | FerrariChat
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Enzo guy (Eriksson) gets 3 years

Discussion in 'Ferrari Discussion (not model specific)' started by Gary(SF), Nov 7, 2006.

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  1. Gary(SF)

    Gary(SF) F1 Rookie

    Oct 13, 2003
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    Los Altos Hills, CA
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    Gary B.
    #1 Gary(SF), Nov 7, 2006
    Swede in Ferrari crash gets three years for other charges
    POSTED: 8:31 p.m. EST, November 7, 2006

    LOS ANGELES, California (AP) -- A Swedish video game entrepreneur who wrecked a rare Ferrari by smashing it into a Malibu power pole at 162 mph was sentenced to three years in prison Tuesday after he pleaded no contest to embezzling two other fancy cars and illegally possessing a gun.

    Bo Stefan M. Eriksson, 44, entered the pleas four days after a jury deadlocked in his trial, closing a case that gained international notoriety after the spectacular Pacific Coast Highway crash.

    Eriksson entered the pleas to two felony charges of embezzlement with the special allegation that the fraud exceeded $500,000. He also pleaded no contest to being a felon in possession of a firearm -- a .357-magnum handgun found in a search of his Bel-Air mansion in March.

    He spent five years in a Swedish prison in the 1990s for assault, extortion and other crimes.

    "It was a fair resolution," prosecutor Tamara Hall said after the hearing.

    "There was a meeting of the minds. That's why there's a settlement," said Alec Rose, one of Eriksson's attorneys.

    Two other counts of grand theft auto were dismissed.

    Eriksson previously pleaded no contest to a drunk driving charge in connection with the February 21 crash that split in two a rare Ferrari Enzo valued at $1.5 million.

    Jim Parkman, Eriksson's lead attorney, said Eriksson was concerned about "the cost and the energy" of a second trial.

    The beefy, blond former video game firm executive could have faced more than 11 years in prison had he been convicted. Instead, he could be out of prison in a year because of time served and good behavior, Parkman said. Eriksson has been in jail since his April arrest.

    "He wanted to move on with his life. He feels like he could get out and be successful again," Parkman said in a telephone interview after the hearing.

    Prosecutors said Eriksson will face deportation after he completes his sentence and will not be allowed to return to the U.S.

    His mansion, valued at up to $5.2 million, was seized and will be sold to help pay any restitution and fines, prosecutors said.
     
  2. robert biscan

    robert biscan F1 Veteran
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    #2 robert biscan, Nov 7, 2006
    I don't know what the standard time should be for something like this but I'd say he got off easy.
     
  3. DrStranglove

    DrStranglove FChat Assassin
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    Oct 31, 2003
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    #3 DrStranglove, Nov 7, 2006
    Me too!
     
  4. Cscat87

    Cscat87 Formula 3

    Oct 23, 2006
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    #4 Cscat87, Nov 7, 2006
    should've gotten life just for wrecking an enzo
     
  5. Jimbo49

    Jimbo49 Formula 3

    Aug 5, 2004
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    #5 Jimbo49, Nov 7, 2006
    Not really, it's just a car (i'm getting ready to be flamed for that)
    however his sentence does appear to be a little light
     
  6. GCalo

    GCalo F1 Veteran

    Sep 15, 2004
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    #6 GCalo, Nov 7, 2006

    He was very lucky most of the other charges were dropped.

    He could have easily have seen 15-20 years here in Calif.

    He's not done with his legal problems either. California will at the end of his term most likely turn him over to British authorities for their shot at him!
     
  7. ParhamK

    ParhamK Formula Junior

    Nov 14, 2005
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    Parham K.
    #7 ParhamK, Nov 8, 2006
    I miss the times when he lived here in Uppsala and ran the uppsala mafia. Things were more interesting so to say back then.

    I remember when he sunk his 20 foot yacht in the middle of Uppsala City just to piss off the cops. And I also remember his brand new mercedes with the registration plate THC (yes that kind of THC), which he would park illegally in the middle of roads etc without even receiving a ticket.
     
  8. adamr

    adamr Formula Junior

    Aug 16, 2002
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    #8 adamr, Nov 8, 2006
    Looks light to me too; I wonder what Art thinks of this???
     
  9. PAP 348

    PAP 348 Ten Time F1 World Champ
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    Dec 10, 2005
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    #9 PAP 348, Nov 8, 2006
    Very lucky boy IMO. :)
     
  10. WILLIAM H

    WILLIAM H Three Time F1 World Champ

    Nov 1, 2003
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    #10 WILLIAM H, Nov 8, 2006
    Not to be confused w Enzo Dude :)
     
  11. wetpet

    wetpet F1 World Champ
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    #11 wetpet, Nov 8, 2006
    i don't know. what did he really do? maybe illegally imported his cars? The banks got their cars back and i think he dumped 400k of his own money into them. hopefully the enzo was fully insured. He wasn't exactly hiding from anyone. he couldn't have lived a much higher profile life. they found a gun in his belair mansion? so what. i can't see doing jail time for dodging your car payments. no matter how big they are.
     
  12. Buford

    Buford Rookie

    Jun 20, 2006
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    southern Illinois
    #12 Buford, Nov 8, 2006
  13. speedjunky

    speedjunky Rookie

    Nov 26, 2005
    3
    #13 speedjunky, Nov 8, 2006
    he deserves it...
     
  14. tarzancoe

    tarzancoe Karting

    Oct 2, 2006
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    #14 tarzancoe, Nov 8, 2006
    Somewhere in this forum you guys can find the whole story. The guy used to run a mafia in Europe, extorsion, beatings, the whole thing. Then, that "entrepreneur" defrauded hundreds of millions from investors in their Gizmodo company. The cars (the Enzo and a McLaren Benz) were leases in the UK; he just stopped paying them and brought them to the US. Do a search for the story, it's worth reading it is like a good novel. After you read it, it becomes obvious that the guy got into an agreement with the authorities here, and sang like a bird to get away with only 3 years.

    From what the story reads, a very very smart guy, but at the end, very very dumb, dippping into the moneys invested in his company like they were his. Same for his buddies.
     
  15. life_is_a_playground

    life_is_a_playground Rookie

    Sep 28, 2006
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    #15 life_is_a_playground, Nov 8, 2006
  16. YellowbirdRS

    YellowbirdRS Formula 3

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    #16 YellowbirdRS, Nov 8, 2006
    Looks light to me too.

    what money can buy.
     
  17. James in Denver

    James in Denver Formula 3

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    #17 James in Denver, Nov 8, 2006
    Looks like one of our own Fchatters is a resident of Uppsala Sweden where this now convicted for the 2nd time criminal came from. We appreciate your input Parhamk, thanks! I think this guy was bad news everywhere he went, but it looks like you had first hand or second hand experience with him.

    James in Denver

     
  18. ParhamK

    ParhamK Formula Junior

    Nov 14, 2005
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    #18 ParhamK, Nov 8, 2006

    No problem :)

    He was on of the main figures in the so called Uppsala Mafia back in the mid 90´s. As somebody wrote some posts above this one, they were notorious for extortions, money laundering, and mainly drug business. One thing I found funny was that my brother was out some weeks ago at a club, and he hooked up with this chick there, and her aunt that she was with at the club had been together with Mr.Eriksson for several years.
     
  19. Tifosi512TR

    Tifosi512TR Rookie

    Oct 29, 2006
    5
    Arlington, VA USA
    #19 Tifosi512TR, Nov 10, 2006
    Lucky for getting a short sentence?
    How about lucky for splitting an Enzo in half with a telephone pole at 162 mph and living to tell about it?
     
  20. GCalo

    GCalo F1 Veteran

    Sep 15, 2004
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    #20 GCalo, Nov 10, 2006
    He wasn't driving.

    Dietriech was!!!
     
  21. gothspeed

    gothspeed F1 World Champ

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    #21 gothspeed, Nov 10, 2006
    Thats how I saw it!!! :D

    Exactly...LOL :D
     
  22. No Doubt

    No Doubt Seven Time F1 World Champ

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    #22 No Doubt, Nov 13, 2006
    Dietriech!

    The guy's got luck going for him. He pulled off a huge investment swindle via a shelf company that should be written into textbooks and *studied* by mutual funds, investment bankers, and VC's.

    Rented cars and mortgaged a mansion that went up in value so that the owners will come out whole (save for an insurance company re a wrecked Enzo).

    Crashes an Enzo at 162mph and lives to tell about it.

    ...and will be out of prison in a year...just in time to write a book that will be made into a movie for the whole parade.
     
  23. gothspeed

    gothspeed F1 World Champ

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    #23 gothspeed, Nov 13, 2006

    Yes, he got off reeeeeeeaaal easy!!!!
     
  24. TG

    TG F1 Veteran

    Oct 26, 2004
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    Taylor
    #24 TG, Nov 16, 2006
    I'm sure he has a large sum of money waiting for him somewhere too. If he got this far, he has to have something already figured out...
     
  25. ferraridude615

    ferraridude615 F1 Veteran

    May 4, 2006
    5,836
    Texas
    #25 ferraridude615, Nov 17, 2006
    When I think of a person I really hate, Eriksson is definetely top 10. Italy and EU should ban him from Europe for destroying a precious piece of art.
     
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