Formula One supremo Bernie Ecclestone paid $100 million in August to end his trial in Germany on criminal bribery charges. Some of the money went to save two financially strapped hospice centers that support terminally ill children and their families.
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Formula One chief Bernie Ecclestone avoided possible conviction on bribery charges after agreeing to pay $100 million in a Munich court Tuesday.
The High Court in London dismissed a civil damages claim last week against Bernie Ecclestone, the former chief executive officer of Formula 1, arising from a sale of shares in the Formula 1 Group. He still faces criminal charges of bribery in a Munich court.
Facing bribery charges, Bernie Ecclestone, chief of Formula One racing, has stepped down from the board of the company that runs the sport, Delta Topco, until the case concludes.
John Morton, of Morton's Fork fame, would have been intrigued by Bernie Ecclestone's explanation that it was not bribery but extortion that caused him to pay $44 million due to the banker blackmailing him through a threatened disclosure of his fiscal affairs to the British tax authorities.
Prosecutors in Munich have indicted Formula 1 boss Bernie Ecclestone for bribery.
Formula One boss Bernie Ecclestone will be charged soon in Germany for bribing a banker to gain access to his bank's F1 shares, a German newspaper has reported.
Formula One boss Bernie Ecclestone said this week a bribery case brewing in Germany could end his nearly 40-year reign over the world's premier motor sport.
he U.K. Serious Fraud Office may investigate bribery allegations against Formula One boss Bernie Ecclestone, according to reports from Reuters and others.