Emerson Fittipaldi in huge debt: 145 lawsuits against the F1 world champion!

20-09-2020 11:21 | Updated: 20-09-2020 15:16
by GPblog.com
General
Emerson Fittipaldi in huge debt: 145 lawsuits against the F1 world champion!

The two-time world champion Emerson Fittipaldi is in serious debt, according to the Brazilian newspaper Folha de Sao Paulo. According to the newspaper, there are 145 lawsuits against the 1972 and 1974 World Champion and more than eight million euros are being demanded.

In addition to his to titles in F1, Fittipaldi also won the Indy 500 twice, in 1989 and 1993. In 2016, the Brazilian was already having problems and over six million euros were requested from Fittipaldi. At that time, many possessions were taken, such as his racing cars and his trophies.

Fittipaldi thinks he is innocent

Speedweek knows that he was able to save a number of assets, but that he is already in trouble again. The largest creditor is Bank Safra, which accuses Fittipaldi of trying to hide his assets. According to several lawyers, he is said to have a very rich life in the United States, while he has huge debts in Brazil.

According to Bank Safra, Fittipaldi is fraudulently trying to conceal his financial obligations. The former rider himself has indicated through his lawyers that he denies the accusations.

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