WTF? Bernie bribes his way out of bribery case?

WTF? Bernie bribes his way out of bribery case?

Author
Discussion

longshot

3,286 posts

198 months

Tuesday 5th August 2014
quotequote all
RYH64E said:
I don't see the problem with a financial crime being dealt with by way of a suitable financial penalty, especially if the penalty is large enough - and $100m is pretty substantial.
Seriously? Do you honestly believe that?
The fall out from some financial crimes can be catastrophic to some of the victims.


Oh, and btw, for someone like BE $100m is pocket change.
Long gone are the times when he "worked" for the money. He now does it for the winning and the pleasure so the ability to carry on doing that is priceless to him. Getting away with this will just give him a buzz.

team underdog

938 posts

229 months

Tuesday 5th August 2014
quotequote all
He's clearly not innocent - an innocent man doesn't hand over $100m - but he had to avoid a guilty verdict or CVC would remove him with ease.

So yeah, it seems freedom has a price!

As for his lawyers comments that the money should be used to build a circuit in Bavaria...

Mermaid

21,492 posts

171 months

Tuesday 5th August 2014
quotequote all
team underdog said:
He's clearly not innocent - an innocent man doesn't hand over $100m - but he had to avoid a guilty verdict or CVC would remove him with ease.

So yeah, it seems freedom has a price!

..
BAE coms to mind.

RYH64E

7,960 posts

244 months

Tuesday 5th August 2014
quotequote all
longshot said:
Seriously? Do you honestly believe that?
The fall out from some financial crimes can be catastrophic to some of the victims.


Oh, and btw, for someone like BE $100m is pocket change.
Long gone are the times when he "worked" for the money. He now does it for the winning and the pleasure so the ability to carry on doing that is priceless to him. Getting away with this will just give him a buzz.
When was the last time the UK courts sent a British banker to jail for PPI mis selling, or LIBOR rigging? All that seems to happens is Barclays/Lloyds et al get fined and have to compensate their 'victims', what's so different here?

The line between bribery and commission payments is often wafer thin, and what about corporate entertainment? I'm pretty relaxed about it.

tobinen

9,227 posts

145 months

Tuesday 5th August 2014
quotequote all
£60m is bugger all to Ecclestone and sends out the wrong message.

If you're going to fine him in lieu of a prison term and he admits guilt, at least hit him harder. You could fine him £1bn and he'll still live a life of luxury.

longshot

3,286 posts

198 months

Tuesday 5th August 2014
quotequote all
RYH64E said:
longshot said:
Seriously? Do you honestly believe that?
The fall out from some financial crimes can be catastrophic to some of the victims.


Oh, and btw, for someone like BE $100m is pocket change.
Long gone are the times when he "worked" for the money. He now does it for the winning and the pleasure so the ability to carry on doing that is priceless to him. Getting away with this will just give him a buzz.
When was the last time the UK courts sent a British banker to jail for PPI mis selling, or LIBOR rigging? All that seems to happens is Barclays/Lloyds et al get fined and have to compensate their 'victims'?
That's makes it ok then.

team underdog

938 posts

229 months

Tuesday 5th August 2014
quotequote all
Interesting that Autosport.com have no mention of the Ecclestone case...

madbadger

11,563 posts

244 months

Tuesday 5th August 2014
quotequote all
lamboman100 said:
The Germans know they may not hang onto the German Grand Prix if they mess with Bernie wink
nono

You need the Bernie blackmail thread. This is the Bernie bribery one.

Pistachio

1,116 posts

190 months

Tuesday 5th August 2014
quotequote all
Definately a bribe to end the case but the prosecutors have offered it!!!
I guess the German Judiciary fancy having a 100m rather than waste public money on a case they may not win.

DJRC

23,563 posts

236 months

Tuesday 5th August 2014
quotequote all
REALIST123 said:
Agent Orange said:
Wrong end of the stick. wink

It's not a bribe it's a settlement. biggrin

Big difference and perfectly legal in Germany. After all what would a long and expensive investigative trial at the expense of the German tax payer achieve? Some romantics might suggest justice but ultimately someone with a lot of money would be forced to pay another wealthy individual or company a sum of money and the German law system foots the bill for agreeing the settlement. Granted legal fees would be paid.

Got to love Bernie and who in his position wouldn't do the same?
No you don't 'got to love Bernie'. I for one have nothing but contempt for him and his cronies.

The fact that it is possible for wealthy crooks and the corrupt to avoid justice is just another sad reflection on the justice systems that we all endure in this day and age.
This day and age? Its a traditional aspect of Bavarian law and justice.
Bavaria just benefitted by 100m Euros for bugger all. Win win to them.

DJRC

23,563 posts

236 months

Tuesday 5th August 2014
quotequote all
pedromorgan said:
I dont have any contacts in germany to ask and dont read german, but does anyone know if this is causing a fuss over there?

Peter
They are chuffed to hell and back in Munich. Its a state lottery win basically.

Upatdawn

2,184 posts

148 months

Tuesday 5th August 2014
quotequote all
"The Germans know they may not hang onto the German Grand Prix if they mess with Bernie"


Where else could it be run?.....lol

Eric Mc

122,032 posts

265 months

Tuesday 5th August 2014
quotequote all
Upatdawn said:
"The Germans know they may not hang onto the German Grand Prix if they mess with Bernie"


Where else could it be run?.....lol
Who knows?

The Swiss Grand Prix was run in France one year.

The San Marino Grand Prix was NEVER run in San Marino.

chrisjl

785 posts

282 months

Tuesday 5th August 2014
quotequote all
I really hope that the suggestion that the money be used to build an F1 track is Bernie's idea of a joke (I've only seen it written, not spoken in a video). If it does turn out that his latest bribe charitable donation gets used to build a track, which then generates income for Bernie, several/many people should be locked up.
I can't decide whether it's the former, reinforcing his smug-git image, or the latter, brazenly confirming the stench of dubiousness surrounding most of his deals and his belief that he's untouchable.
Whichever, it's very disappointing that the system didn't see it through.


johnfm

13,668 posts

250 months

Tuesday 5th August 2014
quotequote all
Surprised the Judge didn't add some strings - like Bernie resigning from his post and having no dealings in the sport for 5 years or similar.

A financial penalty has no bite for a billionaire.

Bonefish Blues

26,745 posts

223 months

Tuesday 5th August 2014
quotequote all
johnfm said:
Surprised the Judge didn't add some strings - like Bernie resigning from his post and having no dealings in the sport for 5 years or similar.

A financial penalty has no bite for a billionaire.
Suspect that might not have been within his gift?

Mermaid

21,492 posts

171 months

Tuesday 5th August 2014
quotequote all
johnfm said:
A financial penalty has no bite for a billionaire.
Rather encourages more risk.

Davey S2

13,096 posts

254 months

Tuesday 5th August 2014
quotequote all
German law allows these cases to be settled in this way.

You have the money.

You are found neither guilty nor innocent so the status quo remains and you just pick up exactly where your life was before.

Bit of a no brainer really.

With the fine, what he initially paid the German banker and the legal bill it's just €150M that his vacuous daughters won't get to pi$$ away on unicorn skin handbags and chartering private jets and superyachts.


longshot

3,286 posts

198 months

Tuesday 5th August 2014
quotequote all
The bit I'm confused about is how the guy who Bernie Didn't bribe is in prison for accepting a bribes that Bernie didn't give him.

longshot

3,286 posts

198 months

Tuesday 5th August 2014
quotequote all
Davey S2 said:
With the fine, what he initially paid the German banker and the legal bill it's just €150M that his vacuous daughters won't get to pi$$ away on unicorn skin handbags and chartering private jets and superyachts.

Every cloud

I didn't realise that both of them were horrendous people, I thought it was just the make a difference with a perfume girl