Stefan ErikssonLast week, former Gizmondo executive officer Stefan Eriksson was jailed and held without bail. According to Deputy DA Tamara Hall, bail has now been set at $7.5 million. In other words, Eriksson ain't goin' nowhere. A judge has scheduled a bail review hearing for April 24.

Eriksson has pleaded 'not guilty' to charges of embezzlement, grand theft, and possession of a gun by a felon. If convicted, he faces up to 14 years in prison. Eriksson also continues to dispute two misdemeanor counts of drunk driving associated with the now infamous Ferrari crash.

This article was originally published on Joystiq.

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