BREAKING: EX-F1 Boss Bernie Ecclestone Pleads Guilty To £400000000 Fraud [DETAILS]—Bernie Ecclestone, the former chief of Formula One, has pleaded guilty to fraud at a court in London after failing to declare more than £400 million of overseas assets to the government.
The 92-year-old billionaire entered his plea this morning at Southwark Crown Court in London.
It means he will no longer face trial next month on the same charge.
In June 2015, Ecclestone failed to declare a trust in Singapore with a bank account containing around 650 million US dollars – worth around £400 million at the time.
The 92-year-old billionaire entered his plea this morning at Southwark Crown Court in London.
It means he will no longer face trial next month on the same charge.
In June 2015, Ecclestone failed to declare a trust in Singapore with a bank account containing around 650 million US dollars – worth around £400 million at the time.
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