LOS ANGELES (AP) _ A Swedish video game entrepreneur under
investigation in the crash of an exotic Ferrari worth $1 million US
in Malibu has been arrested on suspicion of grand theft, a Sheriff's
Stefan Eriksson, 44, was arrested at his Bel-Air home Saturday
after detectives searched it for six hours Friday, Sheriff's
spokesman Steve Whitmore said Sunday.
Detectives concluded the wrecked Enzo Ferrari, along with a
Mercedes and another Enzo Ferrari in Eriksson's collection, were
owned by British financial institutions, said Whitmore.
Eriksson apparently brought the cars to Los Angeles when he moved
here from Britain last year. But financial institutions that held
titles to the vehicles said payments had lapsed, Whitmore said.
``This is the beginning of the investigation,'' said Whitmore.
``All three cars have now been confiscated.''
Eriksson was being held without bail, and immigration authorities
had placed a hold on him.
Eriksson was in the Ferrari that police say was travelling at 260
kilometres an hour when it hit a pole along Pacific Coast Highway
and all but disintegrated. He escaped the February crash with only a
The crash spun into a complicated web of mystery when Eriksson
told authorities he was a passenger in the car and that the driver,
a German acquaintance he knew only as Dietrich, ran into the nearby
hills after crashing the Ferrari during a race with a Mercedes.
Sheriff's deputies launched a search but failed to find Dietrich.
Eriksson was an executive with Gizmondo, a European video game
company that crashed with some $200 million in debts.