Ecclestone's overseas trusts fraud case passes the ex-chequered flag

The former Formula One boss Bernie Ecclestone was, on 12 October, sentenced to 17 months in prison, suspended for two years, on top of a record civil settlement of £652m after the 92 year old businessman stepped up to the podium to plead guilty to misleading HMRC regarding his overseas tax position, particularly interests in overseas trusts, say Edwin Coe tax team Sean Bannister and tax assistant Henry Hinton in a blog on 18 October.   The charge of fraud stemmed from allegations that Ecclestone faced in July 2015. Ecclestone had falsely claimed that he was the settlor of only a single t...