Today, a billionaire paid $100 million for a Get Out of Jail Free card
See the original posting on The Verge
Bernie Ecclestone is an exceptionally wealthy man who until recently will have been familiar to Formula 1 racing fans and quite unimportant to the rest of the world. Only what he did today should make him a figure of global notoriety: Ecclestone paid $100 million to have a German court dismiss corruption charges raised against him that could have resulted in a 10-year prison sentence. No wonder he’s laughing.
The prosecutors in the case decided to accept Ecclestone’s settlement offer on account of his advanced age and the anticipated difficulty of obtaining a conviction. This is in spite of the fact that Ecclestone admits to having paid millions of dollars to a German banker that has already been successfully prosecuted and is currently…