Stefan Eriksson

Bo Stefan M. Eriksson (born December 14, 1961) is a Swedish criminal from Uppsala and former executive for the UK gaming company Gizmondo. In 2006 he made news for wrecking a Ferrari Enzo in southern California, USA. He was the leader of the loose criminal organization "Uppsalamaffian" (The Uppsala mafia) until he began to develop the Gizmondo together with Carl Freer.

Early life

Eriksson became known by the Swedish police as Tjock-Steffe ("Fat Steve") or as The Banker by the local mob in the city of Uppsala, some 60 km north of Stockholm. An auto body shop worker, he started his criminal career with thefts and a three-month prison term in 1981, followed in 1988 by another term of 3½ years for cocaine and arms-related convictions.

In the early 90s, Eriksson became the head of a group the Swedish press dubbed Uppsalamaffian (the "Uppsala mafia" or "Uppsala mob"), responsible for some high-profile violent crimes rarely seen in the country. Known as a playboy, he often showed off a 1,200 horsepower (890 kW), 63' Sea Ray offshore race boat, capable of 56 knots (64 mph; 104 km/h). He named it Snövit (Snow White), and docked it on a small river in downtown Uppsala. He was also seen driving a Mercedes SL with the license plate reading "GEO" (in Swedish pronounced similar to the Cuban slang llello for cocaine, used by Al Pacino in the 1983 movie Scarface.) With a legal front Kanoninkasso ("Cannon debt collectors"), the group collected debts using threats and violence. Establishing a reputation, they started to dress in expensive suits and hold "business meetings" in exclusive Stockholm hotels. Attempting to defraud the Swedish Bank Giro Central of 22 million kronor, Eriksson and Peter Uf, the other future executive of Gizmondo, were found guilty of fraud and counterfeiting. In 1993 and 1994, Eriksson was sentenced to ten years in prison, only to serve half his sentence. Court documents show Eriksson and a partner broke into a man's home, smashed his apartment and punched him repeatedly in the face, that Eriksson held a knife to the man's throat and threatened to cut off his fingers, and finally shoved a gun into the man's mouth. The Swedish police had great difficulties in finding people who dared to testify, and the head witness later survived two bomb attacks.

Gizmondo

In 2001, Eriksson joined the UK based company Gizmondo, which intended to rival Nintendo and Sony for the handheld videogames market. Eriksson's salary in 2004 was £1.1 million with bonuses amounting to another £145,000, and a car allowance of £5,000 per month.

In an attempt to promote the product, Eriksson competed at the 24 hours of Le Mans. He arrived in a grey Enzo Ferrari and entered the race in the Gizmondo-sponsored Ferrari 360 Modena GTC in 2005 but retired during the morning with mechanical troubles. In October 2005, a Swedish paper revealed irregularities in the business dealings of Gizmondo, and the criminal past of some members of management, including Eriksson. Eriksson, Freer and others resigned, and the company filed for bankruptcy.

Car crash

On February 21, 2006, Eriksson lost control of an Enzo Ferrari sports car, valued at over USD2,000,000, while allegedly driving at a high speed and intoxicated along Pacific Coast Highway in California. The car careened off an embankment outside Malibu and hit a pole at about 162 miles per hour (261 km/h). The impact of the crash was so violent, it split the car in half.

Investigators confirmed the existence of the videotape of the accident shot from inside the car. The video showed the speedometer giving the 199 mph (320 km/h) reading right before it malfunctioned due to the crash. The tape is believed to be with Karney.

Eriksson brandished a business card claiming to be a deputy police commissioner with the San Gabriel Valley Transit Authority (whose founder was later arrested for perjury in connection with the case), and Karney borrowed a phone in a passerby's car where he tucked away a magazine for a Glock pistol. Two men showed up to speak with Eriksson, claiming to be from the Department of Homeland Security.

Police investigation

Police raided Eriksson's Bel Air home and on April 8, 2006. Eriksson, preparing to leave the US, was arrested on suspicion of embezzlement, grand theft auto, drunken driving, cocaine possession, and weapons charges stemming from a Magnum handgun encountered during the search. He initially faced up to 14 years in prison, which was later reduced in a plea bargain. In May, misdemeanor hit and run and driving without a California license and insurance were added in relation to a Porsche Cayenne allegedly driven by Eriksson rear-ending an SUV near his Bel Air home on January 4.

On April 26, 2006, Eriksson's accomplice Carl Freer was arrested on suspicion of impersonating a police officer, perjury, and other unspecified charges stemming from the discovery of 12 rifles and four handguns during searches of his estate and his 100-foot (30 m) yacht docked at Marina del Rey.

On May 9, 2006, police raided the San Gabriel Valley Transit Authority (a minor bus service for area senior citizens), arresting its owner and confiscating guns, badges, and a vehicle equipped to be an unmarked police car.

On November 3, 2006, a mistrial was declared after a two-week trial, when the jury was deadlocked 10-2 toward convicting Eriksson. Eriksson was represented at trial by Jim Parkman, who successfully represented former Healthsouth CEO Richard Scrushy. Eriksson was also represented by Parkman's partner, William White, as well as Los Angeles criminal attorney Alec Rose. The prosecution has indicated their intent to retry the case.

Eriksson accepted a plea bargain for three years in jail and deportation. He pleaded guilty to two counts of embezzlement and one count of illegal gun possession. He avoided an auto theft charge. Eriksson was released from prison on January 21, 2008.

External links

• LA Times Life in Fast Lane Long Before Ferrari Crash, Published May 15, 2006
• 'Ferrari Guy' Back behind bars, Published April 3, 2009