Swiss Millionaire Fined $290,000 for Speeding

by Annie Scott (RSS feed)
Jan 8th 2010 at 3:01PM

This car is going for $45,000 in New Jersey

A speeding Ferrari recently cost a Swiss millionare the price of a small yacht.

Eastern Switzerland's St. Gallen cantonal court slapped a $290,000 fine on a repeat offender who reportedly sped down country roads at up to 137 kph (85 mph in a zone where the limit was 50). According to Reuters. he was caught while "racing through a village at 100 km per hour in his red Ferrari Testarossa" (above).

It's a hefty fine by anyone's standards, but when a man worth $22.6 million repeatedly and brazenly breaks the law and endangers lives, perhaps a big dollar amount is all that will get his attention. "Court clerk Heidi Baumann-Becker said Thursday the unidentified driver can appeal the decision, handed down in November, to the Swiss supreme court," reports Yahoo.

If you like the Tessarossa above, click the pic -- it's going for $45,000 in New Jersey.

Tags: ferrari, ferrari tessarossa, FerrariTessarossa, fine, switzerland

Filed under: Luxury Cars & Autos, Wealth, Crimes and Misdemeanors

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Reader Comments (Page 1 of 1)

Spectacular Bid Jan 8th 2010 4:11PM

Switzerland isn't the only country to give speeding fines which are relative to the criminal's financial status.

See back in 2002 when in Finland, a wealthy Nokia executive was handed down (at the time) the highest fine known for his motorcycle speeding:

His fine in 2002 was 116,000 euros

http://news.bbc.co.uk/2/hi/europe/1759791.stm

jim killingsworth Jan 8th 2010 8:51PM

Repeated offender? He asked for it, he got it Toyota.

reallytorkedoff Jan 9th 2010 12:05AM

You have to love the kind of car that can sell for $45,000 and generate tickets worth $290,000.

And really, 85 mph? He could have done that in a Smart car.

The real beauty here is that the ticket is based on your income and/or net worth, so if you're broke/unemployed you can speed for free, right?