Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Ex-F1 boss Bernie Ecclestone pleads not guilty to fraud charge

by August 22, 2022
August 22, 2022
Ex-F1 boss Bernie Ecclestone pleads not guilty to fraud charge

The former Formula One boss Bernie Ecclestone has pleaded not guilty to a charge of fraud brought after an investigation by HM Revenue and Customs.

Ecclestone is accused of fraud by false representation after allegedly failing to declare the existence of a trust in Singapore worth $650m (£549m).

He attended a first hearing at Westminster magistrates court in London on Monday, standing to state his name, date of birth and an address in Knightsbridge where he previously ran the Formula One empire.

The charge related to the period between 13 July 2013 and 5 October 2016, the court heard. 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.

Ecclestone arrived and left in a Range Rover with his wife, Brazilian-born Fabiana Ecclestone, who is a vice-president of the International Automobile Federation, a motorsport governing body, and a member of the World Motor Sport Council.

The chief magistrate, Paul Goldspring, allowed Ecclestone to stand outside the dock after his barrister, Clare Montgomery QC, said her client was having problems hearing the proceedings. He was granted unconditional bail by the judge before the next hearing at Southwark crown court on 19 September.

Ecclestone disclosed “only a single trust” to tax authorities, one in favour of his daughters, according to the charge read in court. He allegedly said he was “not the settlor or the beneficiary of any other trust” and acted “with the intention of making a gain for yourself”, the court heard.

The businessman has three adult daughters, Deborah, Tamara and Petra, and a young son, Ace.

Simon York, the director of HMRC’s Fraud Investigation Service, previously said the charge followed “a complex and worldwide criminal investigation”. It “relates to projected tax liabilities” from “offshore assets, which were concealed from HMRC”, he said in July.

Read more:
Ex-F1 boss Bernie Ecclestone pleads not guilty to fraud charge

0
FacebookTwitterGoogle +Pinterest
previous post
At the Edge of Chaos: Short Sellers, Higher Bond Yields, Failing Liquidity and Fed Make Buyers Scarce
next post
P&O Ferries won’t face criminal action over mass sacking of staff

You may also like

SMEs fear winter supply chain crunch could hit...

October 23, 2023

How Easy Is It To Get A Loan...

March 13, 2025

Mastercard strikes deal with Binance to launch crypto...

August 25, 2022

How to manage a field team

September 23, 2022

Greene King boss calls for business rates relief...

May 1, 2025

How Virtual & Augmented Reality Could Change the...

March 23, 2025

BGF backs Sheffield-headquartered Tribepad with £12m investment

February 1, 2023

Reeves defends £4,400 heating claim for second home...

September 11, 2024

Financial watchdog investigated by the National Audit Office

July 17, 2023

Scaling Isn’t the Problem—Managing Product Chaos Is

March 30, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved