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'Swiss Gigolo' on trial for blackmail

By unknown | Mar 10, 2009 | COMMENTS [ 0 ]

MUNICH - A man dubbed the "Swiss Gigolo" admitted yesterday to cheating and blackmailing a string of super-rich lovers, including Germany's richest woman, out of millions of euros.

The long list of charges covering four different women, including BMW heiress Susanne Klatten, are "in essence" accurate, 44-year-old Helg Sgarbi's lawyer told the court on the first day of his trial in the German city of Munich.

Sgarbi is accused of cheating Klatten out of R93million and trying to blackmail her for R653million, saying he had video footage of their steamy hotel encounters.

Sgarbi, who told his wealthy conquests he was a "special Swiss representative in crisis zones", now faces the prospect of up to 10 years in prison.

Klatten, 46, is the daughter of the late Herbert Quandt, the German industrialist who saved BMW from collapse in 1957 and built the Bavarian carmaker into a world auto power. - Sapa-AFP


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