Former F1 Boss Bernie Ecclestone Gets Suspended Sentence in Tax Fraud Plea

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Mike Pryson covered auto racing for the Jackson (Mich.) Citizen Patriot and MLive Media Group from 1991 until joining Autoweek in 2011. He won several Michigan Associated Press and national Associated Press Sports Editors awards for auto racing coverage and was named the 2000 Michigan Auto Racing Fan Club’s Michigan Motorsports Writer of the Year.

Former Formula 1 chief executive Bernie Ecclestone has been handed a 17-month sentence in a plea deal involving a tax fraud case dating back to 2015.Ecclestone, who turns 93 on October 28, is not expected to face any jail time, as the sentenced is suspended for two years.According to Reuters, Ecclestone gave misleading answers to investigators in 2015 regarding approximately $492 million in holdings in a Singapore trust.

Reuters reports that Ecclestone's lawyers used testimony from a cardiologist in an attempt to stop the prosecution in June, claiming that even putting Ecclestone on trial posed a risk to his life.Prosecutor Richard Wright said the defendant had knowingly given an 'untrue or misleading' answers during questioning by HMRC when he told them he had no further trusts outside the UK. 'He now accepts that some tax is due in relation to these matters,' Wright said.

 

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