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Author Topic: Bernie pleads guilty in fraud case  (Read 17871 times)

Offline Dare

Bernie pleads guilty in fraud case
« on: October 12, 2023, 05:11:27 PM »
Looks like the US isn't the only country with
a two tier legal system. Politicians and the rich
are slapped on the wrist for crimes that ordinary
citizens receive prison sentences


https://www.planetf1.com/news/former-f1-boss-bernie-ecclestone-pleads-guilty-in-400m-fraud-case


Mark Twain once opined, "it's easier to con someone than to convince them they've been conned."

Offline cosworth151

Re: Bernie pleads guilty in fraud case
« Reply #1 on: October 13, 2023, 04:06:21 PM »
The Golden Rule of government - Those who have the gold make the rules.
“You can search the world over for the finer things, but you won't find a match for the American road and the creatures that live on it.”
― Bob Dylan

Offline lkjohnson1950

Re: Bernie pleads guilty in fraud case
« Reply #2 on: October 13, 2023, 05:08:15 PM »
 :good: :good: :good:
Lonny

Offline John S

Re: Bernie pleads guilty in fraud case
« Reply #3 on: October 13, 2023, 08:03:56 PM »
Well Bernie seems to have lost quite a bit of his gold to stay outta Clink!   :D
Racing is Life - everything else is just....waiting. (Steve McQueen)

Offline Andy B

Re: Bernie pleads guilty in fraud case
« Reply #4 on: October 13, 2023, 09:16:16 PM »
Its estimated that BE is worth US$2.4 billion so he can afford the fine to stay out of jail.
Once you have retired every day is a Saturday!

Offline John S

Re: Bernie pleads guilty in fraud case
« Reply #5 on: October 14, 2023, 11:07:45 AM »
Its estimated that BE is worth US$2.4 billion so he can afford the fine to stay out of jail.

Not sure that is accurate Andy, most of Bernie's larger fortune was put into trusts for his wife and daughters some years back. To avoid a huge tax bill Bernie has to have a hands-off approach to these trusts. This £625m payment has surely been like a severe twist to the balls for him.

Having so many arm's length trusts probably gave Bernie the idea that his Singapore trust would on the face of it appear like all the others.

Seems he gambled on Tax officials' usual lackadaisical approach to tax investigation and lost, - or maybe someone grassed him up.  ;)
Racing is Life - everything else is just....waiting. (Steve McQueen)

Offline Andy B

Re: Bernie pleads guilty in fraud case
« Reply #6 on: October 15, 2023, 01:04:56 AM »
Perhaps he'll make them an offer!  :DD
Once you have retired every day is a Saturday!

 


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