Schumacher's Former Manager Faces Jail on Embezzlement Charges
However, once the media reports about Weber's troubles with the law started to pour in, all were convinced that the 7-time world champion made the right call.
The latest news from Germany is that Weber has now returned to a Stuttgart district court on the charge of embezzling EUR1.2 million. It seems the German manager has a hard time getting rid of his old habits, as this new matter is related to the fraudulent bankruptcy of the “Pole Position Marketing” company he used to head.
To be more precise, Weber is believed to have moved assets or money from a company, before declaring it insolvent. And it's not the first time that happens to him, as two years ago he was charged and found guilty for these corrupt practices by a German court. Back then, he was sentenced to probation and a hefty fine, but escaped jail.
The troubles he faces now are much more serious however, as several media in the country have reported that, if found guilty, Weber faces a major jail sentence.
“I believe in justice. If I have done something wrong, I stand by my responsibility,” said Weber, according to Bild. His trial is scheduled to end by October 28, comprising no less than 21 court days.
Weber is currently running the career of Williams-Cosworth's Nico Hulkenberg.