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Ex-F1 boss Bernie Ecclestone admits fraud after failing to declare £400million - OLD
Ex-F1 boss Bernie Ecclestone admits fraud after failing to declare £400million - OLD
Ex-Formula One boss Bernie Ecclestone has admitted fraud after failing to declare more than £400million held in a trust in Singapore to the Government. The 92-year-old said “I plead guilty” at Southwark Crown Court on Thursday while standing in the well of the court wearing a dark suit and grey tie. On July 7, 2015, the billionaire failed to declare a trust in Singapore with a bank account containing around 650 million US dollars, worth about £400million at the time. The charge stated Ecclestone, who has three grown-up daughters, Deborah, Tamara and Petra, and a young son, Ace, had “established only a single trust, that being one in favour of your daughters, and other than the trust established for your daughters you were not the settlor nor beneficiary of any trust in or outside the UK”. Before his guilty plea, he had been due to face trial in November on the single fraud charge. The court heard Ecclestone had said “no” when asked by HMRC officers whether he had any links to any further trusts “in or outside the UK”. Prosecutor Richard Wright KC said: “That answer was untrue or misleading. “Mr Ecclestone knew his answer may have been untrue or misleading. “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. “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. “He now accepts that some tax is due in relation to these matters.” Read More FIA to review Qatar GP as ‘dangerous’ temperatures prompt driver complaints Lewis Hamilton and George Russell vent anger on radio after collision in Qatar Lewis Hamilton crashes out after first-corner collision with George Russell In his own words: Christian Horner on world champion Max Verstappen Angry Lance Stroll shoves personal trainer and storms out of interview Max Verstappen fastest in Qatar practice as he closes in on world championship
2023-10-12 17:52
Casas homers and knocks in 4 as Red Sox beat Rays 7-3 to end 13-game skid at Tropicana Field
Casas homers and knocks in 4 as Red Sox beat Rays 7-3 to end 13-game skid at Tropicana Field
Triston Casas homered and drove in four runs, Brayan Bello earned his team-leading 11th win and the Boston Red Sox stopped a 13-game losing streak at Tropicana Field by beating the Tampa Bay Rays 7-3
2023-09-05 07:45
Hackers use flaw in popular file transfer tool to steal data, researchers say
Hackers use flaw in popular file transfer tool to steal data, researchers say
By Zeba Siddiqui SAN FRANCISCO Hackers have stolen data from the systems of a number of users of
2023-06-02 09:46
African Infrastructure Fund Targets $500 Million in First Close
African Infrastructure Fund Targets $500 Million in First Close
Africa50, a Morocco-based investment platform, seeks to raise $500 million in the first close of its Infrastructure Acceleration
2023-07-04 03:15
The last government shutdown deadline ousted the House speaker. This week's showdown could be easier
The last government shutdown deadline ousted the House speaker. This week's showdown could be easier
The last time Congress tried to fund the government to prevent a federal shutdown, it cost House Speaker Kevin McCarthy his job
2023-11-14 13:19
Sarah Jessica Parker rocks black jumpsuit atop Empire State Building to celebrate 'Sex and the City's 25th anniversary
Sarah Jessica Parker rocks black jumpsuit atop Empire State Building to celebrate 'Sex and the City's 25th anniversary
Sarah Jessica Parker recently revealed that her 13-year-old twin daughters are yet to watch 'Sex And The City'
2023-06-22 16:25
Anthony Rizzo Praises Taylor Swift After Going 4 for 4
Anthony Rizzo Praises Taylor Swift After Going 4 for 4
The New York Yankees beat the Kansas City Royals on Sunday to complete a sweep in the Bronx. Anthony Rizzo led the way for the boys in pinstripes by going 4-for-4 with his first home run since May 20. After the game, he took time to praise Taylor Swift after switching his walk-up song to "...Ready For It?"
2023-07-24 07:54
Alphabet rallies as Google Search unfazed by challenge from Microsoft's Bing
Alphabet rallies as Google Search unfazed by challenge from Microsoft's Bing
Alphabet rallied nearly 7% on Wednesday on signs its dominant Google Search business was faring well in an
2023-07-26 16:56
Clarence Avant, ‘Godfather of Black Music' and benefactor of athletes and politicians, dies at 92
Clarence Avant, ‘Godfather of Black Music' and benefactor of athletes and politicians, dies at 92
Clarence Avant, the manager, entrepreneur, facilitator and adviser who helped launch or guide the careers of Quincy Jones, Bill Withers and many others and came to be known as “The Godfather of Black Music,” has died
2023-08-14 21:49
They fled the war in Nigeria's northeast. Then bulldozers levelled their homes at a camp in Abuja
They fled the war in Nigeria's northeast. Then bulldozers levelled their homes at a camp in Abuja
Hundreds of people remain homeless in Nigeria's capital of Abuja after losing their shanties to government bulldozers
2023-06-23 12:30
Ricky Gervais ups tour security after ‘receiving death threats’
Ricky Gervais ups tour security after ‘receiving death threats’
Ricky Gervais has reportedly upped the security for his tour after receiving death threats. Ahead of his Armageddon tour set to kick off in Cardiff on Wednesday (14 June), the comedian has ordered a full team of security. A source told The Sun: "Ricky has been made aware threats have been made to his life. His offices haven’t shown them to him, but have told him very disturbing letters have come in for him. "Ricky is very aware of the dangers and he can afford whatever security he wants, so he thought it was a no-brainer." One of the alleged death threats was about an "anti-trans" joke he made in his Netflix special SuperNature. It is reported the 61-year-old is set to discuss God, Hitler and the culture of offence in his upcoming tour. Sign up for our free Indy100 weekly newsletter It comes after the comedian confessed to regretting one single joke during his entire career. The joke in question was during the 2011 Golden Globes when a joke about Tim Allen fell "flat" – or at least according to Allen. Introducing two celebrities to the stage, Gervais said: "What can I say about our next two presenters?" He added: "The first is an actor, producer and director whose movies have grossed over $3.5 billion at the box office. He’s won two Academy Awards and three Golden Globes for his powerful and varied performances, starring in such films as Philadelphia, Forrest Gump, Castaway, Apollo 13 and Saving Private Ryan." The comedian finished by saying: "The other is Tim Allen." Allen expressed his confusion in an interview, saying he simply did not get it. Gervais later told the Hollywood Reporter in 2020 that he regretted the joke "because I think [Allen] took it wrong". "The joke was him and Tom Hanks," Gervais said. "So I came out and said, ‘Our next two presenters, the first has won five Oscars, combined box office of five billion dollars. And the other, Tim Allen.’ Right? It’s a fine joke. I’m teasing Tim Allen." Indy100 reached out to Ricky Gervais' rep for comment. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-06-12 20:56
Libya country profile
Libya country profile
Provides an overview of Libya, including key dates and facts about this north African country.
2023-08-28 15:51