After leading videogame-console startup Gizmondo to nearly $400 million in losses and a bankruptcy filing, edgy entrepreneur Stefan Eriksson wrecks his $1 million Ferrari Enzo in a crash in Malibu in February.
Eriksson tests above the blood-alcohol limit but tells police that he wasn't driving, and that the driver, "Dietrich," ran into the hills after the crash.
It's soon discovered that Eriksson's wrecked Enzo is actually owned by a British bank, and two more cars he claims to own, another Enzo and a Mercedes McLaren, have been reported stolen in England.
Eriksson pleads no contest to embezzlement and drunk driving charges and is sentenced to three years in jail.
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