Bernie Ecclestone pleads guilty to fraud after failing to declare more than £400m
Bernie Ecclestone pleads guilty to fraud after failing to declare more than £400m
Billionaire failed to declare a trust in Singapore with a bank account containing around $650 million, court heard
light pat on the wrist, then?
The prosecutor seems quite friendly
“As of July 7 2015, Mr Ecclestone did not know the truth of the position, so was not able to give an answer to the question.
“Mr Ecclestone was not entirely clear on how ownership of the accounts in question were structured.
It was only $650m, easy to forget who the beneficiary is /s
Hey he can't be expected to know about the location of all his billions. And he keeps his records in an old notebook under his mattress. Not like any accountants or financial experts were involved.
What kind of medieval ass haircut is that
The guy is 92. As much as I dislike him that is a low blow.
I believe its a wig, yes its a terrible one
Probably cuts his own hair to save money
This is the best summary I could come up with:
Ex-Formula One boss Bernie Ecclestone has pleaded guilty to fraud after failing to declare more than £400 million of overseas assets to the government.
On 7 July, 2015, the billionaire failed to declare a trust in Singapore with a bank account containing around $650 million.
Before his guilty plea, he had been due to face trial in November on the single fraud charge.
“As of July 7 2015, Mr Ecclestone did not know the truth of the position, so was not able to give an answer to the question.
“He therefore did not know whether it was liable for tax, interest or penalties in relation to amounts passing through the accounts.
“Mr Ecclestone recognises it was wrong to answer the questions he did because it ran the risk that HMRC would not continue to investigate his affairs.
The original article contains 278 words, the summary contains 137 words. Saved 51%. I'm a bot and I'm open source!
F1 is his money laundering machine! also what a stupid sport ..
It's not a sport, it's traffic.