A former Swiss investment banker was jailed for six years today for trying to blackmail Germany's wealthiest woman, heiress to the BMW car empire, with secret video of their lovemaking.
Helg Sgarbi admitted at the start of his trial that he had seduced heiress Susanne Klatten and three other wealthy women, persuading them to pay him almost €10 million under various false pretexts.
"I regret what I did," Sgarbi (44), told the Munich court, with little emotion. "I apologise to the women involved."
Ms Klatten, a member of the Quandt family - the leading shareholders in carmaker BMW - went public last year with the story of how her lover secretly shot intimate footage and later demanded tens of million of euros not to reveal it.
Sgarbi's admission spares Ms Klatten, who is rarely seen in public, a court appearance.
The 46-year-old married mother-of-three had first met the Swiss army lieutenant at a health centre, state prosecutors told a crowded court.
Posing as a special envoy for war zones, Sgarbi won over Ms Klatten by sending her text messages and phoning her with declarations of his love.
She later handed him a cardboard box containing €7 million in €500 notes, believing he had paralysed a child in a traffic accident in America and needed the money to pay compensation to avoid being jailed.
Ms Klatten ended the relationship after the married father demanded more money. He responded by threatening to send photos and tapes of their hotel-room rendezvous to colleagues, family and the press unless she handed over €49 million.
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 Steinkraus-Koch had called for a tougher sentence of nine years in prison.
"Where is the money? Where are the tapes? And who are the accomplices?" he asked the defendant.
Ms 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 per cent 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 today.
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 Ms Klatten's grandfather went on to marry Nazi propaganda chief Joseph Goebbels.
Reuters