Ex-F1 chief Ecclestone charged with $475 million fraud ...News

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Ex-F1 chief Ecclestone charged with $475 million fraud
Bernie Ecclestone allegedly concealed offshore assets from UK authorities Former Formula 1 head Bernie Ecclestone has been hit with a charge of fraud by false representation by the UK's Crown Prosecution Service after allegedly failing to disclose around £400 million ($475 million) of overseas assets.  Investigators claim that the often 91-year-old billionaire withheld information related to the correct payment of his tax liabilities and is due before Westminster Magistrates' Court on August 22 to answer the charges.  Speaking on the investigation, Simon York, director of HMRC's Fraud Investigation Service said th

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