Ouch, crashing a $1 million dollar car

**Jesus** · 10-19-2006

Swede who crashed Ferrari admits drunken driving
By Jill Serjeant and Kemp PowersThu Oct 19, 7:19 PM ET
A Swedish former video games executive, who triggered an international criminal probe after destroying a $1 million Ferrari in Malibu, pleaded no contest on Thursday to drunken driving, and will go on trial on charges of car theft and embezzlement.
Bo Stefan Eriksson, 44, a former executive with the now bankrupt video game company Gizmondo Europe, pleaded not guilty to the remaining charges stemming from the dramatic 160 mph (257.5 kph) crash of the rare red Enzo Ferrari in February along the Pacific Coast Highway.
Under California law, pleading no contest is the legal equivalent of pleading guilty. Eriksson will be sentenced for the drunken driving charge at the conclusion of his trial.
The crash into a power pole, which sliced the car in half but caused no injuries, ended Eriksson's life of big spending, million dollar homes, fast cars and burned-out ventures in both Europe and the United States.
A month before wrecking the Ferrari, Gizmondo Europe declared bankruptcy with more than $200 million in debt.

More at: http://news.yahoo.com/s/nm/20061019/...e_ferrari_dc_3

pamplemoose77 · 10-19-2006

wow! and i thought my car insurance was expensive.. i can't even imagine...

DavidB · 10-19-2006

I read an artical in a car magazine that was asking an owner if he worried about driving a million dollar car. He said "No, because no insurance company would total it." But I saw pictures of the Ferrari and that would be a total.

playabum17 · 10-19-2006

No worse than putting your elbow through a Picasso...

click here

**Jesus** · 10-20-2006

Quote:

Originally Posted by playabum17

No worse than putting your elbow through a Picasso...

click here

That is an accident, the other was just stupidity and megalomania, if you can´t afford the cars but love the jet set life, then you are doomed!

And even with the hole, the painting would be able to sell for more than a mere million bucks (it was already sold for 139 million). Also for the guy that developed the Bellagio in Las Vegas, that would be a small grain of sand in his shoe, not a skyskraper on top of him like the stupid guy of the car.

10-19-2006	#1 (permalink)
Jesus Nutty Peep Join Date: Sep 2002 Location: Mexico City, Mexico Posts: 4,581	Ouch, crashing a $1 million dollar car Swede who crashed Ferrari admits drunken driving By Jill Serjeant and Kemp PowersThu Oct 19, 7:19 PM ET A Swedish former video games executive, who triggered an international criminal probe after destroying a $1 million Ferrari in Malibu, pleaded no contest on Thursday to drunken driving, and will go on trial on charges of car theft and embezzlement. Bo Stefan Eriksson, 44, a former executive with the now bankrupt video game company Gizmondo Europe, pleaded not guilty to the remaining charges stemming from the dramatic 160 mph (257.5 kph) crash of the rare red Enzo Ferrari in February along the Pacific Coast Highway. Under California law, pleading no contest is the legal equivalent of pleading guilty. Eriksson will be sentenced for the drunken driving charge at the conclusion of his trial. The crash into a power pole, which sliced the car in half but caused no injuries, ended Eriksson's life of big spending, million dollar homes, fast cars and burned-out ventures in both Europe and the United States. A month before wrecking the Ferrari, Gizmondo Europe declared bankruptcy with more than $200 million in debt. More at: http://news.yahoo.com/s/nm/20061019/...e_ferrari_dc_3

10-19-2006	#3 (permalink)
DavidB añejo Join Date: Oct 2003 Location: Mid Mich Posts: 2,755	I read an artical in a car magazine that was asking an owner if he worried about driving a million dollar car. He said "No, because no insurance company would total it." But I saw pictures of the Ferrari and that would be a total. Last edited by DavidB : 10-19-2006 at 10:36 PM.

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10-19-2006	#2 (permalink)
pamplemoose77 añejo Join Date: Jul 2006 Location: dallas - kinda, tx Posts: 9,535	wow! and i thought my car insurance was expensive.. i can't even imagine...

10-19-2006	#4 (permalink)
playabum17 naughtiest chica Join Date: Jan 2002 Location: My body may be in Minnesota, but my brain is in Playa! Posts: 15,455	No worse than putting your elbow through a Picasso... click here

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