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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Swiss man jailed for sex blackmail of BMW heiress Mon Mar 9, 2009 3:00pm EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By John O'Donnell MUNICH, Germany (Reuters) - A former Swiss investment banker was jailed for six years on Monday 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 euros ($12.64 million) under various false pretexts. "I regret what I did," Sgarbi, 44, told the Munich court, with little emotion. "I apologize to the women involved." 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 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 center, state prosecutors told a crowded court. Posing as a special envoy for war zones, Sgarbi won over Klatten by sending her text messages and phoning her with declarations of his love. She later handed him a cardboard box containing 7 million euros in 500 euro notes, believing he had paralyzed a child in a traffic accident in America and needed the money to pay compensation to avoid being jailed. 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 euros. 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. 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 percent of BMW. Newspapers had reported that Sgarbi had sought to justify his actions as revenge for his Jewish grandfather's forced labor in Quandt family factories during the war. But no mention was made of this claim on Monday. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: Spain fund to loan 500 mln euros to Unicaja -source Also On Reuters Analysis: Board directors go from glitz to grind BMW aims to put rocket science in your car Blog: Apple, Google ... who's next for the Dow? More International News Dalai Lama to demand Tibet autonomy, mourn past Iran says U.S. failing in Afghanistan Brown says killings will not stop N.Irish progress | Video Tsvangirai rules out foul play in car crash | Video North Korea says on full combat readiness | Video More International News... Video Gigolo blackmailed BMW heiress Play Video More Video... 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