Former F1 Boss Bernie Ecclestone Pleads Guilty to Tax Fraud, Receives Suspended Sentence

Bernie Ecclestone admitted failing to declare over £400 million held in a Singapore trust to UK tax authorities.
He pleaded guilty to fraud in a London court and agreed to pay a £652.6 million settlement covering 18 years of unpaid taxes.
Ecclestone was given a suspended 17-month prison sentence, citing his age and frail health as considerations.
He had claimed only one trust with his daughters as beneficiaries, before admitting ownership of the undeclared Singapore trust.
Ecclestone controlled Formula One racing for decades before stepping down as chief executive in 2017.