fine

Swiss Millionaire Fined $290,000 for Speeding

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

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