Swiss banker admits blackmailing BMW heiress - Mercedes-Benz Forum

LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 03-09-2009, 06:20 AM Thread Starter
CH4S Artist
Teutone's Avatar
Date registered: Sep 2004
Vehicle: 1985 500SEC, 1991 190E 2.6.
Location: Los Angeles / Hannover Germany
Posts: 33,442
Mentioned: 11 Post(s)
Quoted: 937 Post(s)
Lifetime Premium Member
(Thread Starter)
Swiss banker admits blackmailing BMW heiress

Swiss banker admits blackmailing BMW heiress
Mon Mar 9, 2009 8:08am EDT

* Former Credit Suisse banker apologises in court

* Prosecution seeks nine-year jail term

By John O'Donnell

MUNICH, Germany, March 9 (Reuters) - A former Swiss investment banker admitted in court on Monday that he seduced and blackmailed Germany's wealthiest woman, heiress to the BMW car empire, with secret films of their hotel trysts.

Helg Sgarbi admitted seducing heiress Susanne Klatten and three other wealthy women and persuading them to pay him almost 10 million euros ($12.64 million) with various tales, including one that he had fallen foul of the Italian mafia.

"I regret what I did," Sgarbi, 44, told the Munich court, with little emotion. "I apologise to the women involved."

Klatten, a member of the Quandt family -- the leading shareholders in carmaker BMW -- went public last year with the story of how her lover filmed their secret meetings and later demanded 49 million euros not to reveal them.

The 46-year-old married mother-of-three had first met Sgarbi at a health centre, state prosecutors told a crowded court.

Posing as a special envoy for war zones, Sgarbi won over Klatten after sending her text messages and phoning her with declarations of his love.

She later handed him a cardboard box containing 7 million euros in 500 euro notes, believing he had paralysed a child in a traffic accident in America and needed the money to pay compensation to avoid being jailed.

Sgarbi then demanded 49 million euros, threatening to send photos and tapes of their hotel-room rendezvous to colleagues, family and the press. His admission means Klatten may not have to appear in court.

Leafing through the defendant's curriculum vitae, judge Gilbert Wolf read from a glowing job reference from investment bank Credit Suisse, describing Sgarbi's role there as a specialist in mergers and acquisitions.

State prosecutor Thomas Steinkrauss-Koch told the court he would seek a nine-year prison term.

"Where is the money? Where are the tapes? And who are the accomplices?" he asked the defendant. Klatten's wealth is estimated by Forbes magazine at almost $10 billion, making her the 68th richest person in the world.

She owns just over half of the chemical company Altana as well as 12.5 percent of BMW.

Newspapers had reported that Sgarbi had sought to justify his actions as revenge for his Jewish grandfather's forced labour in Quandt family factories during the war. But no mention was made of this claim on Monday.

The Quandt dynasty had close ties to the Nazi party and built its fortune supplying German army and railway worker uniforms. The first wife of Klatten's grandfather went on to marry Nazi propaganda chief Joseph Goebbels.

(Editing by Mark Trevelyan)

© Thomson Reuters 2008
Teutone is offline  
Sponsored Links

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Off-Topic

Quick Reply

Register Now

In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode

    Similar Threads
    Topic Author Forum Replies Last Post
    RBS admits F1 backing under review Teutone Mercedes-Benz Motorsports & Racing 4 01-26-2009 07:49 AM
    Paulson admits he doesn't know wtf he's doing Marsden Off-Topic 53 11-17-2008 05:49 AM
    Biden admits to being a Zionist Zedd Off-Topic 19 09-04-2008 12:28 PM
    Kovalainen admits he was not ready for F1 Teutone Mercedes-Benz Motorsports & Racing 2 02-22-2008 08:15 PM
    US now admits it used chemical weapons against Iraqis FeelTheLove Off-Topic 139 11-23-2005 05:29 PM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On


    Title goes here

    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome