German Banker Drops Appeal Of Formula 1 Bribery Sentence

By Juan-Carlos Rodriguez (May 10, 2013, 1:14 PM EDT) -- A German banker sentenced to eight-and-a-half years in prison for accepting a $44 million bribe in connection with private equity firm CVC Capital Partners Ltd.'s acquisition of a controlling interest in Formula One racing reportedly dropped his appeal of his sentence on Friday....

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