Former Gizmondo exec goes directly to jail

Former Gizmondo executive, Bo Stefan Eriksson, plead guilty yesterday to embezzlement and drunk driving charges. He will serve 3 1/2 years in prison, have his California mansion seized to pay debts and be deported from the U.S. after his prison sentence is over. So ends the epic of Gizmondo.

The plea comes a week after a Los Angeles jury deadlocked 10-2 of convicting Eriksson on embezzlement and car theft charges. The cars that Eriksson allegedly stole includes the $1 million Ferrari Enzo he obliterated. The Ferrari incident took the Gizmondo story of corruption, from passing fancy, to full-blown prime-time gaming industry soap opera.

See also:

• Wired reports on Gizmondos high-speed crash-up

• Gizmondo's Colors uses prison sex as game mechanic

• Gizmondo exec's Ferrari before and after