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[JackMaster]

Bayerische Landesbank isn’t an Investment Bank. It’s a Commercial Bank owned by the Free State of Bavaria in Germany.

CVC, however, is a Capital Investment (Or private equity if you prefer) group

Yes, I believe that and there are a lot of other companies, it’s like a trust or so. Many of them are established in The Virgin Islands and The Channel Islands, for privacy and avoiding tax purposes.

[f1usa]

Bayerische Landesbank isn’t an Investment Bank. It’s a Commercial Bank owned by the Free State of Bavaria in Germany.

CVC, however, is a Capital Investment (Or private equity if you prefer) group

Yes, I believe that and there are a lot of other companies, it’s like a trust or so. Many of them are established in The Virgin Islands and The Channel Islands, for privacy and avoiding tax purposes.

JackMaster, I have discovered a document that on February 4/2009 that list victims of Bernard Madoff swindle."This public list includes Germany's Deutsche Bank, Commerzbank, Dresdner Bank and BAYERISCHE BANK, actress Zsa Zsa Gabor, director Steven Spielberg, DreamWorks Animation SKG Inc chief executive Jeffery Katzenberg, actor Kevin Bacon, the Jewish Community Foundation of Los Angeles,"the Elie Wiesel Foundation for Humanity, and Elie Wiesel and his wifes entire life savings." United States court appointed trustee Irving Picard,s investigation of Bernard Madoff's criminal soulmate Sonja Kohn for funnelling €7.57Billion Austrian funds into Madoff ponzi. The Bernard Madoff/Sonja Kohn fraudulent money trail led to her Austrian Medici Bank which is a branch of Bank Austria. With the disclosure of $50M charity account of former BayernLB exec Gerhard Gribkowsky, their claim as a Madoff victim warrants further investigation. There appears to be a Bernard Madoff/Sonja Kohn/Gerhard Gribkowski link during the past several years and unanswered question surrounding the sale of Formula 1 FOM rights to CVC in 2006.

[JackMaster]

These are Interesting News f1usa.
It’s clear that they discovered the whole thing because of that. He was ruined by Madoff and also arrested because of him. He must feel great.
I wouldn’t consider it a Charity account, except in its name, to hide it better and even to have a better tax treatment.
I guess that CVC will also be investigated.

[texasmr2]

I found this but do not know how accurate it is.

The story: When the imperium of TV mogule Leo Kirch fell apart in 2003, his 48% share in the SLEC holding, which owned the F1 rights back then, went to the Bavarian state-owned bank BayernLB. Their chief risk manager, Gerhard Gribkowksy, got the order to sell that investment quickly.

What he did first was to try to weed out the intricate network that Bernie Ecclestone had set up to control F1. The current issue of Stern magazine cites unnamed insiders that Gribkowsky was the only one who ever succeeded in taking it up with Bernie, quote, "he was the first one to play hardball with him".

Strangely and suddenly Gribkowsky stopped his investigations and thus threatening Bernie. Shortly afterwards, BayernLB sold their share to CVC. Gribkowsky then got a side job with Alpha Prema, a holding company located somewhere in the CVC/Ecclestone network.

Fast forward 5 years later. Journalists from the Süddeutsche Zeitung newspaper find out that Gribkowsky has 50 million stashed away in a fund in Austria. Irritated by their investigation, Gribkowsky calls a public prosecutor (!) to complain. This wasn't the most intelligent move that he could have made - the prosecutor got interested in the provenance of Gribkowsky's fortune, found out that it came from some shady Carribean letterbox companies and that Gribkowsky didn't pay any taxes on it.

Now Gribkowsky faces tax evasion charges and is sitting in the jail. The question is: Where did the money come from? #1 theory of course is: Bernie, who feared to lose control over F1 facing a powerful outside enemy, bribed Gribkowsky with the 50 Million and gave him the Alpha Prema job.

(Sources for all that can be found by just hitting "gerhard gribkowsky" into google, or buy the current issue of Stern magazine .

[JackMaster]

Thanks Detective. It´s interesting isn’t it, and Madoff?