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

I thought it was hard work ?

If it’s a fine it’s not a crime just the cost of doing business

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!

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…

The punishment, one slap on the wrist…