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)
Got a credit card? use our Credit Card & Finance Calculators
Thanks to Anonymous,bruncher,niord,gvonge,Shelford, for Donating to support the site
Ecclestone Pleads Guilty to Fraud
-
- Lemon Half
- Posts: 7383
- Joined: February 7th, 2017, 9:36 pm
- Has thanked: 10514 times
- Been thanked: 4660 times
-
- Lemon Quarter
- Posts: 4926
- Joined: November 4th, 2016, 10:15 am
- Has thanked: 636 times
- Been thanked: 2747 times
Re: Ecclestone Pleads Guilty to Fraud
Understandable that one's forgets things at 92
(or even at 84 back in 2015?)
Big fine coming?
![Very Happy :D](./images/smilies/icon_e_biggrin.gif)
(or even at 84 back in 2015?)
Big fine coming?
-
- Lemon Half
- Posts: 7383
- Joined: February 7th, 2017, 9:36 pm
- Has thanked: 10514 times
- Been thanked: 4660 times
Re: Ecclestone Pleads Guilty to Fraud
scrumpyjack wrote: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)
-
- Lemon Quarter
- Posts: 4926
- Joined: November 4th, 2016, 10:15 am
- Has thanked: 636 times
- Been thanked: 2747 times
Re: Ecclestone Pleads Guilty to Fraud
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![Very Happy :D](./images/smilies/icon_e_biggrin.gif)
A little help for the nations debt
![Very Happy :D](./images/smilies/icon_e_biggrin.gif)
-
- Lemon Quarter
- Posts: 2197
- Joined: September 2nd, 2019, 10:23 am
- Has thanked: 192 times
- Been thanked: 613 times
Re: Ecclestone Pleads Guilty to Fraud
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.![Surprised :o](./images/smilies/icon_e_surprised.gif)
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.....
![Very Happy :D](./images/smilies/icon_e_biggrin.gif)
It's not that the £653m will be used efficiently by the government.
![Surprised :o](./images/smilies/icon_e_surprised.gif)
-
- Lemon Half
- Posts: 8597
- Joined: November 8th, 2016, 5:56 am
- Has thanked: 4560 times
- Been thanked: 3681 times
Re: Ecclestone Pleads Guilty to Fraud
scrumpyjack wrote: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!
-
- Lemon Half
- Posts: 7383
- Joined: February 7th, 2017, 9:36 pm
- Has thanked: 10514 times
- Been thanked: 4660 times
Re: Ecclestone Pleads Guilty to Fraud
Gerry557 wrote: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
![Wink ;)](./images/smilies/icon_e_wink.gif)
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
![Laughing :lol:](./images/smilies/icon_lol.gif)
AiY(D)
Return to “Sports Bar (all sports)”
Who is online
Users browsing this forum: No registered users and 17 guests