What’s that you say ? Another billionaire who bullied, cheated and lied his way to a fortune ?
I thought it was hard work ?
this post was submitted on 12 Oct 2023
75 points (100.0% liked)
Formula 1
5557 readers
1 users here now
c/formula1
Welcome to c/formula1.
Rules
Please keep discussions civil, respect other's opinions, and keep it friendly. Please read our rules before posting in our community.
Rules TLDR
- No spoilers in post titles please. Use of spoiler tags is considered a courtesy for now.
- No piracy discussion.
- Keep it on topic.
- No memes.
Resources
These sites are a good place to start finding out about Formula 1, aside from right here of course!
Formula1.com - the official Formula 1 website.
Formula 1 Youtube - the official F1 youtube channel.
Liquipedia Overview - what's happening now and next in a nice dashboard.
F1Calendar.com - never miss a session again!
F1Countdown.com - for those of you who like countdowns!
Sister Communities
!Motorsports - for the love of racing outside of Formula 1.
[email protected] - because you love memes.
[email protected] - let's race!
founded 4 years ago
MODERATORS
This is grossly unfair. Not all billionaires bullied, cheated and lied their way to a fortune. Plenty of them inherited.
Is there even any other way?
No
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!
Good bot
It’s an article shortening bot and it literally copy pasted the entire article lol this is not a good time to praise it
Ehhhh...
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..