Gizmondo man crashes Ferrari in real life

IT'S THE sort of thing you'd expect someone owning a games console from failed supplier, Gizmondo, to do. Crash a rare Ferrari Enzo on the costal road near Malibu, California that is. Except that Stefan Eriksson has allegedly done it in real life.

Eriksson had been a director with Gizmondo but resigned last year just before a Swedish newspaper claimed that he'd been convicted of counterfeiting. See Newspaper probes Gizmondo managers' past.

The company has gone belly up and investors are trying to get some of their money back from its parent, Tiger Telematics. The Ferrari was just one of many luxury cars which Gizmondo appears to have splashed out on.

Witnesses told detectives the Ferrari was drag racing with a Mercedes-Benz SLR, according to a report in The Los Angeles Times. However, Eriksson allegedly told police that the driver was a mysterious German he only knew as Dietrich - who'd run off once the car had crashed.

The INQ was always puzzled as to how Gizmondo expected to make serious bucks as it had struck an exclusive distribution deal with Carphone Warehouse in the UK. Carphone are good but that's an awfully narrow distribution base. µ