The BBC reports a former banker has testified to receiving $44 million in bribes from Formula One CEO Bernie Ecclestone. Gerhard Gribkowsky, the former deputy chief of regional bank Bayern Landesbank, testified in exchanged for a reduced sentence in the case against him. Gribkowsky faced up to 15 years in prison on charges of corruption and abuse of trust. Prosecutors agreed to reduce his maximum penalty to nine years behind bars in exchange for his testimony. Gribkowsky was in charge of the sale of BayernLB's stake in F1 back in 2006.

Seven months ago, Ecclestone testified under immunity that he had paid Gribkowsky in order to avoid a tax inquiry by the United Kingdom. The F1 executive denies that the payments were bribes, but says that if he had not paid, Gribkowsky would have told UK tax authorities about issues with the sale that could have led to an inquiry. That investigation could have cost more than $3.14 billion.


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  • 23 Comments
      Gorgenapper
      • 2 Years Ago
      Seven months ago, Ecclestone testified under immunity that he had paid Gribkowsky in order to avoid a tax inquiry by the United Kingdom. The F1 executive denies that the payments were bribes, but says that if he had not paid, Gribkowsky would have told UK tax authorities about issues with the sale that could have led to an inquiry. ---- Sounds like a bribe to me.
      QCRamAir
      • 2 Years Ago
      To quote Arnold in Predator: "You're one ugly mothafucka." In all seriousness, does AB purposely look for the absolute worst pics to post of Bernie with every article involving him, or does he just really always have that "...Who just sh*t themselves?" look on his face?
        TrippulG3
        • 2 Years Ago
        @QCRamAir
        Nope, that's pretty much the way he always looks: http://www.google.com/search?q=bernie+ecclestone&hl=en&client=firefox-a&hs=h7W&rls=org.mozilla:en-US:official&prmd=imvnsuo&source=lnms&tbm=isch&sa=X&ei=8arjT-77DpCC0QH63P3mCQ&ved=0CF8Q_AUoAQ&biw=1256&bih=895
      TrippulG3
      • 2 Years Ago
      So...Bernie paid Gribkowski money so that Gribkowski wouldn't disclose information which would potentially have cost Bernie an even larger sum of money... And...how is this not a bribe?
        Codeman
        • 2 Years Ago
        @TrippulG3
        I assume Bernie will call it blackmailing, pretending to be the victim.
      MacProMan
      • 2 Years Ago
      Corruption is sooo very alive and well in our lovely world today, screw the rich and screw ALL the men in powerful positions, I have no faith in any of them to do the right thing.
        AcidTonic
        • 2 Years Ago
        @MacProMan
        Right.... the laws are written such that just about everyone breaks a few of them day to day. Even if they don't know it. Then enforcement is selective and only applied to people who are not "model" citizens. Senators seem to blatantly break the law without so much as a probe or light investigation..... Joe blow goes to jail immediately and *then* they decide what to do, sometimes letting him go weeks later with no charges. When has that last happened to the rich and powerful? Anyone? You know you didn't report the times your friend loaned you a few dollars to buy a soda from the vending machine you tax evader! You sped 2mph over for a few miles, or forgot to signal exactly 100 feet before a turn. Everyone breaks *something* almost every day. Is your home up to code? Got a permit to run that extra circuit for your air conditioner? Selective enforcement of laws that everyone breaks is one of the first steps to fascism....
      J
      • 2 Years Ago
      Nice popped collar.
      Claud
      • 2 Years Ago
      Not only does he need a haircut..............he also needs an attitude ............look at that sour puss!
      Doug Danzeisen Sr
      • 2 Years Ago
      Bernie, get some Metamucil, and take your photos AFTER you get off the toilet.
      mcg
      • 2 Years Ago
      Is there one picture in all of the interwebs where this guy doesn't look like he's pinching a loaf?
      Master Austin
      • 2 Years Ago
      You would figure with all that money he could afford a face lift, or a better photographer...
      MotorworldHype
      • 2 Years Ago
      This guy is a billionaire, oversees the second biggest sport in the world, and probably has the best life has to offer in just about everything. Yet in every public picture of this guy he looks like a sour old prat! Are photographers doing this on purpose or is he really that much of a barnicle?
      ToyotaSupraMan
      • 2 Years Ago
      "That investigation could have cost more than $3.14 billion" ...I really hope that's a typo.
      Basil Exposition
      • 2 Years Ago
      How is it possible this there is not a reality show about this guy yet? There is more daily drama surrounding him than Ice & Coco, Kendra, and all the Kardashians put together.
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