intended to rival Nintendo and Sony for the handheld videogames market. Eriksson's salary in 2004 was £1.1 million, with bonuses amounting to another £145,000 and a car allowance of £5,000 per month. In an attempt to promote the product, Eriksson competed at the 24 hours of Le Mans. He arrived in a grey Enzo Ferrari and entered the race in the Gizmondo-sponsored Ferrari 360 Modena GTC in 2005 but retired during the morning with mechanical troubles. In October 2005, a Swedish paper revealed irregularities in the business dealings of Gizmondo, and the criminal past of some members of management, including Eriksson. Eriksson, and others resigned, and the company filed for bankruptcy after using up $300M, 90% in its last six months. The company was also involved in various litigation: Swedish Ogilvy Group, MTV, and former Formula 1 team Jordan Grand Prix all filed million dollar suits. In August, shortly before his resignation, Gizmondo relocated Eriksson to California for its U.S. launch. Subsequently, questions arose regarding how a convicted felon like Eriksson was able to enter the country, In early 2006, with ideas similar to now-defunct Gizmondo's Smart Adds, the virtual mobile operator (MVNO) XeroMobile was started through Eriksson's earlier partners. Car crash On February 21, 2006, Eriksson lost control of an Enzo Ferrari sports car, valued at over $2,000,000 USD, while allegedly driving at a high speed and intoxicated along Pacific Coast Highway in California. The car careened off an embankment outside Malibu and hit a pole at about . The impact of the crash was so violent, it split the car in half. Eriksson and the Irish-born American Trevor Karney were found at the site. Eriksson claimed to be a passenger in the Ferrari, and that a man he only knew as "Dietrich" was the driver. Karney claimed to be the passenger of a Mercedes-Benz SLR McLaren that was racing the Ferrari. Neither Dietrich nor the Mercedes were to be found, and the police concluded that Eriksson was the driver and Karney the passenger, and that neither "Dietrich" nor the McLaren existed. Furthermore, the extent of Eriksson's injuries amounted to a cut lip, and blood was found on the driver-side airbag. Investigators confirmed the existence of the videotape of the accident shot from inside the car. The video showed the speedometer giving the reading right before it malfunctioned due to the crash. The tape is believed to be with