The Weird, Wild Saga of Gizmondo | Hacker News Reader

The Weird, Wild Saga of Gizmondo

thedrive.com

74 pointsgdeglin7 comments

In March of 2008, Eriksson was re-arrested in Sweden — only a year after being deported from the US after pleading no contest to charges of embezzlement and illegal gun possession. After trial in Sweden, on July 10, 2009, Eriksson was convicted of extortion, theft and assault, and was sentenced to 18 months in a maximum-security prison. Yet this sentence was for a completely unrelated crime — all involved in the Gizmondo collapse escaped legally clean and free from a debacle that destroyed a multination corporation, and fleeced hundreds of millions of dollars from investors.

If these guys -- known mobsters dressed up as technology businessmen, living the most conspicuous lifestyle imaginable -- can get away with all this, what other kind of corruption and crime is going on in investment-fuelled industries?

>what other kind of corruption and crime is going on in investment-fuelled industries

HSBC actively and knowingly helps funnel Mexican drug-cartel and Hezbollah (literal terrorists) funds with mere fines as punishment. The U.S. government does not stand up to multi-national banks which can ruin the global economy.

Misreading "Gizmondo" as "Gizmodo" made your entire post quite funny.

Wow. That story was more like a Hollywood movie script than the tale of a video game console company. Some of it reminded me a bit of the Paul Le Roux thing posted here a few weeks ago (especially the 'move to international waters before trying to throw enemies to the sharks' part).

Either way, this is the sort of journalism we should be seeing more of nowadays. Not the early BuzzFeed style clickbait that most online media seems to be producing day in and day out.

If you would like to see a Gizmondo in the flesh, come to the Museum of Art and Digital Entertainment in Oakland. Ours is dead, sadly, but you can at least look at it, and the unreleased game Hit and Myth.

I was at the launch party for this device and it was clearly a shame from the word go. They gave out free devices to the press, which no one EVER does anymore. Nintendo does not give out free DS' to everyone at their press events.

Still, EA built SSX Tricky and a motorcycle game for it!

This is a timely read for me. I just finished reading "Disrupted," by Dan Lyons, about corruption in the digital marketing industry.

Wow, quite an interesting story. I vaguely remember this device being on the market, but I had always thought it was made by the same Tiger that made those little LCD handheld games

Reply on news.ycombinator.com