Former F1 Boss Bernie Ecclestone Gets Suspended Sentence in Tax Fraud Plea

Jackson Wheeler
3 Min Read


Former Formula 1 chief executive Bernie Ecclestone has been handed a 17-month sentence in a plea deal involving a tax fraud case dating back to 2015.

Ecclestone, who turns 93 on October 28, is not expected to face any jail time, as the sentenced is suspended for two years.

According to Reuters, Ecclestone gave misleading answers to investigators in 2015 regarding approximately $492 million in holdings in a Singapore trust.

Reuters reports that Ecclestone’s lawyers used testimony from a cardiologist in an attempt to stop the prosecution in June, claiming that even putting Ecclestone on trial posed a risk to his life.

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Prosecutor Richard Wright said the defendant had knowingly given an “untrue or misleading” answers during questioning by HMRC when he told them he had no further trusts outside the UK.

“He now accepts that some tax is due in relation to these matters,” Wright said.

In a separate civil case settlement, Ecclestone will also pay Britain’s tax office HM Revenues and Customs 652.6 million pounds (approx. $800 million) to cover tax penalties and interest for holdings over the course of the past 18 years.

Ecclestone was chief executive of Formula 1 from 1978 until January of 2017.

Headshot of Mike Pryson

Mike Pryson covered auto racing for the Jackson (Mich.) Citizen Patriot and MLive Media Group from 1991 until joining Autoweek in 2011. He won several Michigan Associated Press and national Associated Press Sports Editors awards for auto racing coverage and was named the 2000 Michigan Auto Racing Fan Club’s Michigan Motorsports Writer of the Year. A Michigan native, Mike spent three years after college working in southwest Florida before realizing that the land of Disney and endless summer was no match for the challenge of freezing rain, potholes and long, cold winters in the Motor City.



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Jackson Wheeler is a skilled editor at Speedofdaily.com, specializing in automotive content. With a background in Journalism and Automotive Engineering, he combines his passion for cars with his writing expertise to deliver captivating articles. Jackson's deep knowledge of automotive technology and his racing experience make him a valuable asset to the team, providing readers with informative and engaging content.
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