Formula One Under Fire

2:56 AM PDT 6/23/2011 by Scott Roxborough

Embattled CEO Ecclestone is caught up in $50 million bribery probe.

The popular and lucrative Formula One race car circuit is accustomed to scandal -- be it the "Nazi orgy" video three years ago involving one of its top executives or the waffling of its longtime CEO Bernie Ecclestone, 80, over whether to hold a race in the Arab Kingdom of Bahrain after its government brutally cracked down on protesters this year (the race was finally canceled).