Follow Up Court Case on the Enzo Crash in Malibu on 2/21/06 | FerrariChat

Follow Up Court Case on the Enzo Crash in Malibu on 2/21/06

Discussion in 'Ferrari Discussion (not model specific)' started by BLACK HORSE, Nov 2, 2006.

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  1. BLACK HORSE

    BLACK HORSE Formula 3
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    Feb 11, 2004
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    Rob
    I was surfing on my local news website and I came across a follow up court hearing about the Malibu Enzo crash... Read on below, its very Interesting.... Just my 2 cents... They should just take this Eriksson dude behind the woodshead and shoot him...

    _______________________________________________________________

    Closing arguments completed in Ferrari crash trial
    Wednesday November 01, 2006
    By JOHN ROGERS
    Associated Press Writer

    LOS ANGELES (AP) The Swedish businessman who wrecked a rare, $1.5 million Ferrari in Malibu was portrayed by prosecutors Wednesday as a slick con man who flimflammed British banks into loaning him millions of dollars to lease classic sports cars, then disappeared with them.

    Bo Stefan Eriksson tried to hide the thefts through what appeared to be legitimate business deals, Deputy District Attorney Tamara Hall said in her closing argument. His plan was undone, Hall added, when he tried to drive the high-performance Ferrari Enzo 162 mph on Pacific Coast Highway on Feb. 21 and ran it into a utility pole, splitting the car in half.

    Crashing the rare car, of which only 400 were made, showered him with international attention, Hall said, and ultimately led authorities to him.

    Eriksson, 44, is charged with two counts each of grand theft and fraudulent concealment with the intent to defraud. Prosecutors said he stole a Mercedes-Benz SLR McLaren and a black Ferrari Enzo that is identical except in color to the red Ferrari he wrecked.

    ``How did he get here? His own arrogance got him here,'' Hall said as Eriksson sat stoically in court, dressed in an immaculate dark suit and white shirt with striped tie. Occasionally he turned to scan the courtroom's spectator section, looking for people he knew and sometimes smiling at them.

    Defense attorney Jim Parkman countered in his closing argument that Eriksson was really the victim in this case, taken advantage of by greedy bankers who pressed their agenda against him until it resulted in criminal charges. He said Eriksson made a $300,000 down payment on the cars he leased and regularly made payments of several thousand dollars a month until his videogame company, Gizmondo, went belly up.

    ``Sure, the banks want their money. I don't blame them. Did he breach the contracts she (Hall) showed you? Sure he breached them,'' Parkman said. But, the attorney added, his client was simply a man who got into financial trouble, not a crook.

    If Eriksson is convicted of stealing the cars, Parkman continued, his former bankers will be celebrating because they will have the cars, which as collectors items have appreciated in value. They can then sell them at a profit and Eriksson will have lost the hundreds of thousands of dollars he paid the banks.

    ``This man has put nearly $400,000 of his own good money into two automobiles,'' Parkman said.

    During her rebuttal, Hall ridiculed the idea the banks were celebrating, saying they were simply relieved to have found the cars they loaned Eriksson more than $3 million to buy.

    She said the banks had no idea where either Eriksson or the cars were until he wrecked the Ferrari. Even after that, she said, he refused to give the other two back.

    Eriksson, who was not charged with attempting to steal the wrecked Ferrari, pleaded no contest on Oct. 19 to a drunk driving charge in that crash.

    The prosecutor said that soon after Eriksson took possession of the cars he brought them illegally to the United States, where he hid them.

    Parkman, however, insisted that Eriksson never tried to hide the cars. He said he took them to a car show in Nevada and kept a high profile as he drove them around Southern California.

    ``The guy's on the Internet. He's all over the place. Good gracious alive,'' the defense attorney said

    Hall said Eriksson began a sophisticated fraud process in August 2005 when he leased the two Ferrari Enzos and the Mercedes-Benz, securing funding through different banks. She said he then set up sham transactions where he pretended to sell the cars to employees of Gizmondo so they could be shipped to the United States under their names. Then, Hall said, Eriksson took the cars back, claiming the sales fell through.

    ``This is sophistication at its highest,'' she said.

    He stopped making payments on the loans as soon as the cars passed through customs, she said.

    ``He gets what he wants, and once he gets it here he cuts you off,'' she said.

    Parkman said Eriksson brought the cars from England to the United States because he was moving here, adding he bought a $6 million home in Bel-Air in August 2005, making a $2.4 million down payment. The lawyer said the deals to sell the cars fell through only when Gizmondo failed, adding that turned the buyers against Eriksson.

    ``When it failed they couldn't get the cars. They're mad,'' he said. ``You think for one minute they're going to help Stefan Eriksson?''

    At the conclusion of closing arguments, Judge Patricia Schnegg instructed jurors, then sent them home for the day. They were to begin deliberations Thursday morning.

    (Copyright 2006 by The Associated Press. All Rights Reserved.)
     
  2. BigTex

    BigTex Seven Time F1 World Champ
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    Thanks for that...keep us updated..

    The End of the Story ........Part 1.
     
  3. speedracer1610

    speedracer1610 Formula Junior

    Aug 25, 2006
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    F that guy Eriksson.
     
  4. writerguy

    writerguy F1 Veteran

    Sep 30, 2003
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    #4 writerguy, Nov 3, 2006
    Last edited by a moderator: Sep 7, 2017
    What's the verdict??

    Ferrari owner loses second exotic car

    A $450,000 Mercedes owned by the Swedish owner of the Enzo Ferrari that crashed in Malibu last month is impounded by police.
    Image Unavailable, Please Login
     
  5. BigTex

    BigTex Seven Time F1 World Champ
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    #6 BigTex, Nov 3, 2006
    Last edited by a moderator: Sep 7, 2017
  6. jsnazzy

    jsnazzy Karting

    Oct 16, 2006
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    Justin
    Wow..........when you read about the whole gizmodo (Sp) thing, and realize what a fraud he is.......bleh.
     
  7. rakjoe

    rakjoe Formula Junior

    Oct 10, 2004
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    HAHAHAHAHAHA !!!!

    What did I tell you ?

    http://www.ferrarichat.com/forum/showpost.php?p=136157159&postcount=1417
    :D:D:D:D:D:D
     
  8. BigTex

    BigTex Seven Time F1 World Champ
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    You seem happy........a proper end result, in your opinion?
    Or just that you predicted the outcome....???

    I guess his business fraud was a victumless crime, after all...

    And the firearms charge, IIRC there was a brief 'impersonating a Peace Officer' claim, and some other details......


    And the real driver is still shivering in the bushes up there off Canyon Road, unless the wildfire got him......

    I was explaining only today why I had parked my Ferraris to a business associate...they seem to stand for all the wrong things, these days.....
     
  9. rakjoe

    rakjoe Formula Junior

    Oct 10, 2004
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    I'm happy about the prediction only, the outcome is none of my business or interest.
    When you have the prosecution in such a high profile trial offering a plea deal in the 11th hour you know they are in trouble.

    :D
     
  10. TG

    TG F1 Veteran

    Oct 26, 2004
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    Taylor
    Besides pulling a Mel Gibson, I think the man is a genius..
     
  11. REMIX

    REMIX Two Time F1 World Champ

    Just like I've always said, there is little to no consequence in cheating, lying and stealing. Of course there are certain exceptions, but look at guys like Mike Milken. How much is he worth? Does Boesky still have any money? Probably so.

    I've always believed that great fortunes are usually the result of shady dealings and/or theft (Kennedy family, Gates, etc).

    RMX
     
  12. rfking

    rfking Formula Junior

    Nov 16, 2003
    785
    Italy
    Just because this jury was deadlocked doesn't mean they can't try him again. And I hope they do.
     
  13. DGS

    DGS Seven Time F1 World Champ
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    Remember that statement, the next time somebody spits on your Ferrari or Benz, because a good car means that you *must* be a shady crook.

    When did we raise the children of "the Land of Opportunity" to believe that success can only be achieved through "cheating"?

    I might not like Gate's engineering philosophies (proprietary over standards, one-size-fits-all over security, bigger hardware over efficient code), but he did bring GUI to the masses. If we bought the bad with the good, that's on us for not demanding better, and then waiting until it was supplied.

    But then, Gates never was an engineer -- software or otherwise. He's a salesman.
     
  14. wetpet

    wetpet F1 World Champ
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    May 3, 2006
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    he said great fortunes, not success. gotta agree.
     
  15. REMIX

    REMIX Two Time F1 World Champ

    Do you tell your kids "just play fair" and everything else will take care of itself? I hate to say it, but I know many, many, MANY successful people who got to where they are by cutting corners, riding coattails, sleeping around, selling out colleagues, lying and generally compromising their honesty and sense of fair play. I see it everyday - those who are unwilling to put in what it takes to become "self-made' and compress the process through other means. There is no "fair play" anymore, and I think kids should know they're going to have to go out and "get theirs" if they want to have any semblence of a comfortable life someday. I also think kids should know at an early age the world is filled with flam-flammers, con-men, users, abusers and cheats who will step all over them to - successfully - enrich themselves. The hard truth is typically these people never pay a price for their deeds. They just continue benefitting. The major difference is in character; most people have none.

    Some people do indeed work hard and find great success. Kudos to them - you're my kind of person. Unfortunately, this kind of individual is becoming rarer by the minute.

    RMX
     
  16. donv

    donv Two Time F1 World Champ
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    I highly disagree with what you are saying. Do people do all of the things you list? Of course they do. Does it help them get ahead? To a point, probably.

    But there are far more people who get ahead because they work hard and are good at what they do. And to get really, really ahead, you need to work harder than everyone else.

    I believe you're in commercial real estate and the music business, which are probably areas where the stuff you describe is more common than in other areas, such as banking or high tech (not that it doesn't happen there as well).

    It's harder to get ahead in tech, for example, by doing all that stuff. Look at Stefan Eriksson. A sleazeball, for sure, but when it came down to it and they tried to sell their product, what happened? Collossal failure, that's what!

    All the coattail riding, lying, sleeping around, etc. in the world couldn't help sell their product or make their business a success.

     
  17. yellowjacket

    yellowjacket Karting

    May 19, 2006
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    so who gets the cars?
     
  18. yellowjacket

    yellowjacket Karting

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    and if this guy was in jail since march then if he gets arrested again for something else wont this count as time already served?
     
  19. Kieran

    Kieran F1 Rookie

    Jul 23, 2006
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    i wish the crash had just killed the guy...he's an *******
     
  20. rakjoe

    rakjoe Formula Junior

    Oct 10, 2004
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    YOU are an ******
     
  21. speedracer1610

    speedracer1610 Formula Junior

    Aug 25, 2006
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    I carry a gun around every where I go just like this this Eriksson dude.
     
  22. Demigod555

    Demigod555 Formula Junior

    Nov 28, 2005
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    You really should get a clue before you talk like you know whats up.
     
  23. F430Rod

    F430Rod Formula Junior

    Feb 17, 2007
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    Sorry to revive an old thread but I just read an update to this somewhat bizarre story.

    http://www.dailynews.com/ci_6592498?source=most_viewed

    Fugitive nabbed in Ferrari case
    By Daily News
    Article Last Updated: 08/10/2007 09:16:55 AM PDT


    A 26-year-old man was in custody today after being on the run for more than a year following a high-speed crash in Malibu that destroyed a rare $1 million Ferrari Enzo.

    Trevor Michael Karney, 26, was being held in lieu of $60,000 bail following his arrested at 9 a.m. Wednesday in Marina del Rey, officials said.

    Karney reportedly has spent much of the last year in his native Dublin, Ireland. He returned to California around a month ago via Tijuana, and a friend helped smuggle him back into the U.S.

    The arrest on suspicion of obstruction of justice and lying to authorities stems from an incident on February 21, 2006, when a Ferrari Enzo - one of only 400 ever built - smashed into a power pole on Pacific Coast Highway and disintegrated.

    Deputies arrived to find Stefan Eriksson, Karney, and a "very large debris field."

    "I noticed multiple pieces of what appeared to be a vehicle," sheriff's Deputy David Huelsen testified at a hearing in April 2006.

    The hearing was to determine whether there was enough evidence to require Eriksson to stand trial.

    Eriksson, a Swedish national, was sentenced in November of 2006 to three years in state prison after pleading no contest to embezzlement and being a felon with a firearm - charges that authorities developed while investigating the Ferrari crash. At the crash site, Eriksson claimed he had been a passenger in the Ferrari and that the driver, a German who he said he knew only as "Dietrich," got out and fled into the hills.

    Karney allegedly claimed he was a passenger in a Mercedes-Benz that that he, too, saw the Ferrari driver flee into the hills.

    A search-and-rescue team and a helicopter failed to find the alleged Ferrari driver, Huelsen testified.

    Karney told deputies at the crash site that he was a friend of Eriksson and that his home address was a boat slip in Marina del Rey. That boat was a $14 million yacht.

    The registered owner, Carl Freer, was later identified as a partner of Eriksson in a defunct European video game company called Gizmondo.

    Eriksson was taken into custody at the scene after failing two alcohol breath tests. He later admitted to driving the Ferrari.

    Authorities later determined that there had been no Mercedes and no "Dietrich" and that Karney had been a passenger in the Ferrari.

    Authorities later said they determined that Karney had flagged down another motorist before deputies arrived at the scene. Karney allegedly asked the driver if he could borrow a cell phone. As Karney made a call, he sat in the other vehicle's front driver seat, the San Fransisco Chronicle has reported.

    The motorist later called police, saying he had found a fully loaded Glock handgun clip jammed under the seat, according to the Chronicle.

    Karney then disappeared, and reportedly fled to Dublin.

    Authorities tracked him down this week, thanks to medical bills generated after his return to California and sent to a Marina del Rey address.
     
  24. SrfCity

    SrfCity F1 World Champ

    Interesting. "You can't flee the long arm of the law."
     

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