Ex-Gizmondo exec charged with felonies

When former Gizmondo executive Stefan Eriksson was arrested and held without bail last week pending charges of grand theft, a police spokeman told The Los Angeles Times the investigation into Eriksson's highly publicized crash that destroyed a rare 2003 Ferarri was just beginning.

The latest report from The Times doesn't say if that investigation is over now, but it does point out that the charges against Eriksson have multiplied. Today he was officially charged with grand theft and embezzlement in connection with the wrecked Ferrari (and the rest of his exotic car collection, allegedly leased from British owners and illegally imported to the US), and possession of a gun by a convicted felon.

The Times cites court papers in saying Eriksson was convicted of counterfeiting and drug crimes in Sweden, and says detectives found a gun at his home in Bel-Air, California.

If convicted, Eriksson could be sentenced to up to 14 years in prison.