Case involves tycoon’s alleged failure to declare £400m worth of overseas assets to HMRC

Well… I wonder what his sentence will be

  • doublejay1999@lemmy.worldEnglish
    351·
    1 year ago

    What’s that you say ? Another billionaire who bullied, cheated and lied his way to a fortune ?

    I thought it was hard work ?

  • AutoTL;DR@lemmings.worldBEnglish
    9·
    1 year ago

    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!

  • 44razorsedge@lemmy.worldEnglish
    62·
    1 year ago

    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…