[center][h1][b]From Pole Position to Prison: CEO Peter Brendel and Human Resources Executive Bernard Maier of Team Valkyrie Indicted on Fraud and Criminal Harassment[/b][/h1][/center] [b]Soundtrack: [url=https://youtu.be/UMByerzMWMA?feature=shared]Rise Through the Rain - KMP Mood Music Maestro[/url] [/b] “This is Hilmar Jokum with EuroNews. Team Valkyrie is in the news again as the team’s former CEO Peter Brendel and head of Human Resources Bernard Maier were indicted on multiple accounts of financial fraud and criminal harassment and discrimination. Peter Brendel received the maximum penalty for financial fraud and was sentenced to five years imprisonment with an additional 2 years for every employee that could prove egregious physical and mental abuse resulting in a lifetime sentence. Bernard Maier was found complicit and was charged as an accomplice to Brendel and also faces a lifetime sentence after he was found guilty of egregious harassment of Team Valkyrie employees. Both men were charged with egregious physical and mental abuse of over 100 former employees. Brendel was found guilty of financial fraud in excess of 5 million Euros. Both men had their assets seized which will be auctioned off and the proceeds split between the victims as reparation. The Team Valkyrie AGR Corporation was fined 1 million Euros for failing to identify and stop the abuses in a timely manner. The team was ordered to pay an additional 5 million in restitution to the fraud victims. In addition to that, they were ordered to adopt a new system to prevent abuse by their executives. The Team had a proposal ready for the Judge and international panel that included an internal checks and balances system for all executives and board members and a new system of financial transparency about the team’s sponsorships and endorsement deals. Moving forward their sponsorships and endorsement contracts will be public with accounting for where that money goes and available to everyone. The Team’s response went above and beyond what the court had expected and it was adopted and praised by the international committee overseeing the case. This has been Hilmar Jokum with EuroNews.” [hr] “This is Jessica Smith with Fox News. Team Valkyrie is in the headlines again as the case against former CEO Peter Brendel and former head of Human Resources Bernard Maier were sentenced today by an International Tribunal. Both men were indicted on financial fraud and criminal egregious discrimination and harassment. In lesser news, the former head of their Medical Team, Dr. Julian Zimmerman was sentenced by Germany’s Court system to 20 years in prison and had his medical license revoked. Will this close this ugly chapter in the team’s history? Only time will tell…” [hr] “This is Jabari Biko with WorldWide Sports. Breaking news in the Formula Anti-Gravity Racing League as former Team Valkyrie members are sentenced in court today. Former CEO Peter Brendel and Head of Human Resources Bernard Maier received lifetime sentences and seizure of all their assets. The International Tribunal ordered their assets seized and split amongst their victims. The Team Valkyrie Corporation was fined 1 million Euros for not identifying and stopping the abuse in a timely fashion. They were ordered to pay an additional 5 million Euros in restitution to the fraud victims. Will the Team bounce back after this latest round of negative press? What is next for the long standing racing team? This has been Jabari Biko with WorldWide Sports. Remember to follow us for the latest in sports news.” [hr] “This is Germain Lothair with Winner’s Circle Vlog. Today an International Tribunal sentenced Former Team CEO Peter Brendel and HR Executive Bernard Maier to life sentences for Egregious Criminal Harassment and Discrimination of Team Valkyrie employees. In lesser talked about news, former Team Valkyrie Medical Team Lead, Dr. Julian Zimmerman was sentenced to 20 years imprisonment by Germany’s court system for physical and mental harassment of coworkers. Zimmerman also had his medical license revoked. In an interesting turn of events, Team Valkyrie is going to make their sponsorship and endorsement contracts public! They will be posting their contracts and accounting for where the money is spent to ensure transparency and compliance with contracts. Will other teams be adopting this radical ideology of transparency? While the amounts of lucrative sponsorship and endorsements tend to be made common knowledge and shared, the details of these large transactions have typically been highly guarded secrets and include non-disclosure agreements. There has been no announcements by other teams one way or the other. We will be following this news about this closely. Team Valkyrie will begin this new policy after the summer break.” [hr] “This is Lauri Ivan with Victory Laps Racing News. Former Team Valkyrie CEO Peter Brendel and HR Executive Bernard Maier were given lifetime sentences by an international tribunal. The German court system sentenced former team Medical Lead Dr. Julian Zimmerman to 20 years imprisonment and revoked his medical license. Team Valkyrie has announced that they will be adopting a system of public transparency in regards to the team’s sponsorships and endorsement deals. The new policy will be adopted after the summer break in the Formula AG season. Will other teams be following Team Valkyrie’s lead? Brendel and Maier’s defense team have already filed an appeal calling for a mistrial. They are arguing that the two men faced a biased and prejudiced jury due to the media surrounding their case. We will keep you updated as things unfold. This has been Lauri Ivan with Victory Laps Racing News.” [hr] Video of Alexander Knight talking to the public. A press release video by Team Valkyrie. Alexander appears on camera in a Team Valkyrie button down shirt. His hair loose and wavy around his head and his beard neatly trimmed. [color=fff200]"Hello Race fans. I am Alexander Knight, team principal of Team Valkyrie AGR Sport. The team has had a rocky start to this season. I can finally discuss the case against former team CEO Peter Brendel, HR Executive Bernard Maier, and former Team Medical Lead Dr. Julian Zimmerman. When I started at Team Valkyrie, I didn't expect my challenges to start at Headquarters. I uncovered the abuses of Dr. Zimmerman in my first week here. Dr. Julian Zimmerman was abusive to employees in his department. Investigating Dr. Zimmerman led to investigating Bernard Maier and the former CEO Peter Brendel. It took time to find and uncover all the connections and abuses. One the evidence had been secured, we took it to authorities. The abuses by Zimmerman were reported to human resources but hidden and dismissed by Bernard Maier. As the investigation continued, we uncovered more abuse and fraud that was ordered by former CEO Peter Brendel. Bernard Maier was complicit and helped Brendel and Zimmerman hide these horrible acts. I could not legally comment on these charges until they had been prosecuted in court. With the help of the Board of Directors and its president, Leopold Koch, these men were legally prosecuted for their crimes. Team Valkyrie AGR Sport does not condone the actions of these men. That is why they were prosecuted to the full extent of the law. The Board of Directors has adopted a new operating model that includes checks and balances for the team's executive officers and Board of Directors to prevent this type of thing from occurring again. We understand that this caused a breach of trust not only with our current sponsors but with the public. I wanted to ensure that we can win your trust back. In order to facilitate that the Team is adopting a new policy regarding team sponsorship and endorsement deals. Any future sponsorship and endorsement contracts will be made available for the public to review. This will include an accounting of where and how that money is spent. This only includes contracts that our team name is involved in. Any private endorsement offers made to our pilots directly will be exempt from this policy as it does not include us. I want the public and any future sponsors to know that they can rely on their money being spent the way they intended it. It is our goal to earn that trust back and keep it the right way. To the employees who suffered at the hands of these men, I offer the team's deepest apologies. All employees deserve to have a safe and positive work environment. To the public and Team Valkyrie fans, thank you for your patience. I know the start to this season has been full of drama and upheaval. I am grateful for your patience and trust. I am hopeful that we can now focus on being competitive, giving you reasons to cheer for us. Team Valkyrie will rise once again with your support."[/color] [hider= Team Valkyrie Characters] https://docs.google.com/spreadsheets/d/1zrLx5XUgYiVm6KjTpFTWZtJvXc0MX77enkLzINHujKw/edit?gid=0#gid=0 [/hider]