Former Formula 1 boss Bernie Ecclestone to the bench for tax fraud

Rate this post

Bernie Ecclestoneformer boss of Formula 1, was notified on Tuesday that will be judged next year for a charge of fiscal fraud related to more than $454 million of assets abroad.

The 91-year-old man appeared at the Southwark Crown Courtin London, accompanied by his wife Fabiana, after declaring not guilty of one count of fraud for false representation at a hearing held last month.

Ecclestone is accused of having made a “false or misleading” representation to the UK tax authority between July 2013 and October 2016, according to the Crown Prosecution Service indictment.

The indictment says the British billionaire dishonestly told the UK Treasury that he "established only a single trust" in favor of his daughters and that "other than the trust established for his daughters he was neither the settlor nor the beneficiary of any trust within or outside the UK”.

He was granted the unconditional bail before trialwhich is due to begin in the same court on October 9, 2023.

Ecclestone was ousted as Formula 1 boss in 2017, when US company Liberty Media took over commercial rights to the sport.

He maintains an office in London, but now spends most of his time abroad, with residences in Switzerland and Ibiza, as well as a farm in Brazil.

Author Profile

Nathan Rivera
Allow me to introduce myself. I am Nathan Rivera, a dedicated journalist who has had the privilege of writing for the online newspaper Today90. My journey in the world of journalism has been a testament to the power of dedication, integrity, and passion.

My story began with a relentless thirst for knowledge and an innate curiosity about the events shaping our world. I graduated with honors in Investigative Journalism from a renowned university, laying the foundation for what would become a fulfilling career in the field.

What sets me apart is my unwavering commitment to uncovering the truth. I refuse to settle for superficial answers or preconceived narratives. Instead, I constantly challenge the status quo, delving deep into complex issues to reveal the reality beneath the surface. My dedication to investigative journalism has uncovered numerous scandals and shed light on issues others might prefer to ignore.

I am also a staunch advocate for press freedom. I have tirelessly fought to protect the rights of journalists and have faced significant challenges in my quest to inform the public truthfully and without constraints. My courage in defending these principles serves as an example to all who believe in the power of journalism to change the world.

Throughout my career, I have been honored with numerous awards and recognitions for my outstanding work in journalism. My investigations have changed policies, exposed corruption, and given a voice to those who had none. My commitment to truth and justice makes me a beacon of hope in a world where misinformation often prevails.

At Today90, I continue to be a driving force behind journalistic excellence. My tireless dedication to fair and accurate reporting is an invaluable asset to the editorial team. My biography is a living testament to the importance of journalism in our society and a reminder that a dedicated journalist can make a difference in the world.