Swedish businessman Stefan Eriksson, who tried to take on Nintendo and Sony with his company’s GPS-enabled Gizmondo portable video gaming system, wrapped his million dollar Ferrari Enzo around a telephone pole before spreading it across the Pacific Coast Highway like so much cottage cheese last Tuesday (he’s fine). His far-from-credible story about the incident (he says a German guy known to him only as “Dietrich”, whom no one can seem to find, was driving the car when it crashed at 162 mph) compounded with his money-pit gaming company, suggest that you don’t need to be a genius or even have a decent product to become a millionaire gaming tycoon. The LA Times has an excellent story and an even better photo gallery about the case here. —Joe Brown