Ex-F1 boss Bernie Ecclestone pleads guilty to fraud
Ex-F1 boss Bernie Ecclestone pleads guilty to fraud
www.theguardian.com
Ex-F1 boss Bernie Ecclestone pleads guilty to fraud
Well... I wonder what his sentence will be
11 comments
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If it's a fine it's not a crime just the cost of doing business
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This is the best summary I could come up with:
Former Formula One boss Bernie Ecclestone has pleaded guilty to fraud at Southwark crown court after failing to declare more than £400m of overseas assets to the UK government.
Ecclestone had pleaded not guilty to the charges in August, but changed his plea at a case management hearing on Thursday.
Ecclestone ran Formula One from the late 1970s until January 2017, a position that made him one of the most prominent people in global motorsport.
He was accused of fraud by false representation after allegedly failing to declare the existence of a trust in Singapore.
More to details to follow …
The original article contains 101 words, the summary contains 101 words. Saved 0%. I'm a bot and I'm open source!
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Good bot
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It’s an article shortening bot and it literally copy pasted the entire article lol this is not a good time to praise it
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Ehhhh...
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So Bernie is listed (Wikipedia) at worth £3.5B and gets a £652,074,000.00 tax fine. That's 2% of his net worth. So if you were making £100,000.00 a year and got the same treatment for tax evasion you'd be fined £2,000.00. Like that would ever happen!!! Yup, sounds like HMRC is working for Bernie, no you...
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The punishment, one slap on the wrist..
11 comments
What’s that you say ? Another billionaire who bullied, cheated and lied his way to a fortune ?
I thought it was hard work ?
This is grossly unfair. Not all billionaires bullied, cheated and lied their way to a fortune. Plenty of them inherited.
Is there even any other way?
No