News: Gizmondo, mobsters' mobile?

October 25, 2005, 04:20 AM

by chazumaru, via Gizmondo -
[permalink]

Tiger Telematics' Gizmondo was officially released last weekend in the US (in selected stores). Although the handheld's chances in the market look rather thin, it might make the headlines for another reason. As a comment on Engadget warned us, Swedish newspaper Aftonbladet has conducted a long investigation into the local people behind the system, and it seems they share quite an history with the swedish IRS and Police forces. Interesting news, as it was learned a few days ago that Tiger Telematics had already lost $328 million in the prodution and promotion of the handheld, the company having difficulties explaining why some of the money was invested in luxury sport cars. Might the Gizmondo be nothing but a huge money laundering scheme? Could even Infinium Labs and their shady Phantom get beaten on their own turf? Articles (in their original language) can be read here, here and here. Check out these threads from IC forums and GA-F for further development and translations.