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Reader Rights: Kickbacks & Extortion in Formula 1
Kickback: 'The most common form of kickback involves a vendor submitting a fraudulent or inflated invoice (often for goods or services which were not needed, of inferior quality, or both), with an employee of the victim company assisting in securing payment. For his or her assistance in securing payment, the individual receives some sort of payment (cash, goods, services) or favour.' Thank you, Wikipedia. Hey, GP24/7 posters who are in favour of Ferrari receiving $100 million in non-performance-based subsidies and a veto power over changes to regulations: Why don't you explain to me why you think it is sporting and generally beneficial for the Formula One Group to financially subsidize...
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7y ago from GrandPrix247.com
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