2y ago

Bernie Ecclestone pleads guilty to fraud after failing to declare more than £400m

www.independent.co.uk

10 comments

light pat on the wrist, then?
- He will pay his tax then get it back in some tax relief or such like.
- 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
What kind of medieval ass haircut is that
- The guy is 92. As much as I dislike him that is a low blow.
- Probably cuts his own hair to save money
- I believe its a wig, yes its a terrible one
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!

10 comments