• Sports - Formula 1 - Gossips
  • Updated: October 12, 2023

Ecclestone: Former F1 Boss Sentenced To Prison Following Tax Fraud Trial

Ecclestone: Former F1 Boss Sentenced To Prison Following Tax

Former Formula 1 boss Bernie Ecclestone has been sentenced at Southwark Crown Court to 17 months in prison suspended for two years after he pleaded guilty to a fraud charge earlier today.

Ecclestone, who turns 93 later this month, was charged with fraud by false representation after he was accused of not disclosing more than £400 million worth of overseas assets to the UK government. 

He later pleaded guilty to the offence when he appeared in court today before agreeing to a civil settlement with HM Revenue and Customs (HMRC) to pay £652.6 million on October 9 over the course of 18 years.

Christine Montgomery KC, Ecclestone's defence barrister, told sentencing judge Justice Bryan that the defendant "bitterly regrets the events that led to this criminal trial."

In sentencing Ecclestone, who heard the judge's remarks from the dock, judge Bryan said: "Your offending is so serious that neither a fine nor a community order would be appropriate.

"It is rightly acknowledged that the custody threshold has been passed."

The judge, however, took into consideration a number of mitigating factors, including Ecclestone's health, age, and that he has no previous criminal convictions, before issuing the prison sentence.

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