Bo Stefan Eriksson, the one-time Swedish gangster who co-founded the ill-fated Gizmondo handheld gaming startup, has been sentenced to three and a half years in jail in California.
Eriksson pleaded guilty to embezzlement and drunken driving, charges relating to a widely reported incident in which he crashed and wrote off a rare - and very expensive - Ferrari Enzo. Which, it then turned out, didn't even belong to him - along with two other sports cars in his possession, it actually belonged to the Royal Bank of Scotland.
His conviction comes after an earlier trial, for embezzlement and car theft, ended in a mistrial. He struck a bargain with the court in which his guilty plea was entered in exchange for the charge of car theft being dropped entirely.
According to Eriksson's lawyer, the plea was entered because of concerns over the cost of another lengthy trial. "Stefan believes he can be successful in the future," attorney Jim Parkman told the media. "He wanted to move on and ultimately be out of jail in a year."