Hot News
for your iPhone
for your iPad
Go to our forums to discuss this news
DATE News (chronologically)
More trouble for Swedish lowlife
A man serving a prison sentence after crashing a Ferrari at more than 160mph is being sued by a British bank for more than £600,000. Bo Stefan Eriksson pleaded guilty to drunk driving in October 2006 after he crashed a Ferrari Enzo into a lamppost at 162 mph in Malibu.

The Capital Bank of Chester is now asking the Los Angeles Superior Court to enforce more than £665,000 in civil judgments against Eriksson.

The bank alleges that Eriksson, who is Swedish, failed to pay back a loan he had for the Ferrari and for another car, a Mercedes-Benz McLaren SLR, purchased by Eriksson's former company, Gizmondo Europe Ltd.

Gizmondo, a video games company, is now bankrupt.

The bank claim that Eriksson borrowed money to buy the expensive cars and stopped paying for them after he had shipped them to the US. Capital Bank of Chester filed the lawsuit on February 23.

Eriksson is also concurrently serving a three year sentence after pleading guilty to embezzlement and for possessing a firearm in November. SkyNews
Hot News Archives
2000 2001 2002 2003

Search Hot News
Search Help
AutoRacing1 Inc. BBB Business Review