Ecclestone Pleads Guilty to Fraud

[AsleepInYorkshire]

Bernie Ecclestone pleads guilty to fraud

Bernie Ecclestone, the former boss of Formula One, has admitted fraud after failing to declare more than £400m held in a trust in Singapore.

The 92-year-old billionaire did not disclose the trust to the government in July 2015.

AiY(D)

[scrumpyjack]

Understandable that one's forgets things at 92
(or even at 84 back in 2015?)
Big fine coming?

[AsleepInYorkshire]

Understandable that one's forgets things at 92
(or even at 84 back in 2015?)
Big fine coming?

I don't know. He's lied to the court so I don't think they will take that on the chin.

AiY(D)

[scrumpyjack]

Press reports say he has already paid HMRC over £500 million (he has agreed a civil settlement of £652,634,836 plus costs) and now has been sentenced to 17 months in prison suspended for 2 years.

A little help for the nations debt

[Gerry557]

It's an easy mistake to make. Who hasn't lost a bit of change down the back of a sofa.

Most people won't understand but billionaires do have different problems to the rest of us. I often keep a quid in an account to keep it open so £400m.....

It's not that the £653m will be used efficiently by the government.

[servodude]

Press reports say he has already paid HMRC over £500 million (he has agreed a civil settlement of £652,634,836 plus costs) and now has been sentenced to 17 months in prison suspended for 2 years.

A little help for the nations debt

..and gives him an interestion option for aged care - win win!

[AsleepInYorkshire]

It's an easy mistake to make. Who hasn't lost a bit of change down the back of a sofa.

Most people won't understand but billionaires do have different problems to the rest of us. I often keep a quid in an account to keep it open so £400m.....

It's not that the £653m will be used efficiently by the government.

Of course it will

Just depends how the reason for it getting spent is sold to the electorate. I read a note by someone who works in law. They said one of the first cases they worked on was defending a woman who had claimed £800 in benefits for 2 more months than she should have. She received a prison term that wasn't suspended. The point being that Ecclestone has played the game and [highly likely] still walked away with far more than he should have in unpaid tax.

One rule for the goose and one for the ganda - anyway mustn't grumble Gromit

AiY(D)

[terminal7]

Phew - 1.5 miles of HS2 paid by private sector.

T7