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Ex-Gizmondo exec's bail set at $7.5M, considered flight risk

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Last 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.

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