The Crash Before the Fall
It turns out that Stefan Eriksson of by-two Ferrari fame and his boss Carl Freer of Gizmondo fame burned through £160 million in 18 months flat. Investigators are at wits end trying to figure out how so much money can be spent so fast despite the $ half-a-million cars (Maybach, Ferrari Enzo, Mercedes SLR McLaren…), race horses, yachts, fancy watches, and £ million salaries.
Where did all that money come from? American investors who bought into their story of huge demand for the Gizmondo console, a portable gaming device.
What was it that P T Barnum supposedly never said?


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