Ex-Formula One boss Bernie Ecclestone has admitted fraud after failing to declare more than £400million held in a trust in Singapore to the Government. The 92-year-old said “I plead guilty” at Southwark Crown Court on Thursday while standing in the well of the court wearing a dark suit and grey tie. On July 7, 2015, the billionaire failed to declare a trust in Singapore with a bank account containing around 650 million US dollars, worth about £400million at the time. The charge stated Ecclestone, who has three grown-up daughters, Deborah, Tamara and Petra, and a young son, Ace, had “established only a single trust, that being one in favour of your daughters, and other than the trust established for your daughters you were not the settlor nor beneficiary of any trust in or outside the UK”. Before his guilty plea, he had been due to face trial in November on the single fraud charge. The court heard Ecclestone had said “no” when asked by HMRC officers whether he had any links to any further trusts “in or outside the UK”. Prosecutor Richard Wright KC said: “That answer was untrue or misleading. “Mr Ecclestone knew his answer may have been untrue or misleading. “As of July 7, 2015, Mr Ecclestone did not know the truth of the position, so was not able to give an answer to the question. “Mr Ecclestone was not entirely clear on how ownership of the accounts in question were structured. “He therefore did not know whether it was liable for tax, interest or penalties in relation to amounts passing through the accounts. “Mr Ecclestone recognises it was wrong to answer the questions he did because it ran the risk that HMRC would not continue to investigate his affairs. “He now accepts that some tax is due in relation to these matters.” Read More FIA to review Qatar GP as ‘dangerous’ temperatures prompt driver complaints Lewis Hamilton and George Russell vent anger on radio after collision in Qatar Lewis Hamilton crashes out after first-corner collision with George Russell In his own words: Christian Horner on world champion Max Verstappen Angry Lance Stroll shoves personal trainer and storms out of interview Max Verstappen fastest in Qatar practice as he closes in on world championship

Lionel Messi has wasted little time scoring in his first match outside Florida with Inter Miami

US authorities on Monday charged cryptocurrency giant Binance with securities law violations that together amounted to what they called "an extensive web of deception" and...

Donald Trump returned to prime-time mainstream television on Wednesday evening when he took part in a CNN town hall event in New Hampshire in which he used the platform to repeat debunked lies about the 2020 presidential election, praise Vladimir Putin and rehash other familiar falsehoods, prompting the network to attract criticism for hosting him. The network’s own anchors were among those questioning the broadcast, with Jake Tapper lashing out at the ex-president for calling a Black law enforcement officer “a thug” and making fun of E Jean Carroll’s sexual assault. Congresswoman Alexandria Ocasio-Cortez and DC police officer Michael Fanone likewise criticised the programme, with the New York representative saying CNN should be “ashamed”. The town hall came just one day after Mr Trump was found liable for sexually abusing and defaming the ex-Elle magazine columnist by a Manhattan jury, who ruled he must pay Ms Carroll $5m in damages. Mr Trump referred to the victim as a “whack job” and again insisted he had never met her. Mr Trump barrelled through the hour-long broadcast in a blizzard of dishonest statements, at times talking over moderator Kaitlan Collins’s fact-checking and requests that he answer the questions asked. Read More ‘Putin’s puppet’ Trump refuses to say if Ukraine should win the war against Russia Trump refuses to acknowledge he lost ‘rigged’ 2020 election at CNN town hall Trump calls Kaitlan Collins ‘nasty’ in tense exchange over classified documents at CNN town hall Disastrous Trump town hall begs the question: What was CNN thinking?

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the fact that central banks got financial forecasting

Despite having served time for his role in the BALCO scandal, Victor Conte stands out for being unrepentant. The latest edition of Netflix's sports docuseries "Untold," "Hall of Shame," gives him another moment in the spotlight, providing a once-over-lightly rehash of track, football and especially baseball figures who became the focus of controversy over performance-enhancing drugs.

Like other fans, one reflected on science stating, 'I follow the science, masks don’t work'

After spending years worshipping the music icon, Ed Sheeran has admitted he is waiting to meet Bob Dylan – but said he won’t dare ask him for a selfie if it happens.

MILPITAS, Calif.--(BUSINESS WIRE)--May 17, 2023--

What does "hitting for the cycle" mean in baseball? Here's a quick rundown of the oft-used MLB term.In the modern age, there's no shortage of terminology in the ever-complex sport that is baseball, and every so often you hear a word or phrase thrown out that you may not fully...

Ukrainian forces have claimed their first successes in a long-anticipated counteroffensive, as they recaptured three villages from Russian forces in the southeast of the country on Sunday. If confirmed it would mean the first week of its pushback against Moscow ended in tangible territorial gains for Ukraine. Unverified footage showed Kyiv’s forces hoisting the Ukrainian flag at a building in the village of Blahodatne in Donetsk region and posing with their unit’s flag in the adjacent village of Neskuchne. The troops also reportedly retook Makarivka, the next village to the south, and advanced between 300m and 1,500m in two directions on the southern front, deputy defence minister Hanna Maliar said in a statement. Success has also been seen in the Bakhmut direction, the minister said. Volodymyr Zelensky praised Ukrainian troops last night and said: “Of course, I am thankful to our soldiers for this day”. The long-expected counteroffensive was indirectly confirmed by Vladimir Putin on Friday, who said that a Ukrainian military push was underway, but had failed to breach Russian defensive lines and taken heavy casualties. Read More Ukraine claims first successes of counteroffensive as it recaptures three villages Ukraine's dam collapse is both a fast-moving disaster and a slow-moving ecological catastrophe Musician Travis Leake spoke up about freedom of speech in Russia with Anthony Bourdain in 2014. Now he’s been detained

Ecuadorian authorities say 50 guards and seven police officers were released more than a day after they were taken hostages in different prisons, in what the government described as a response by criminal groups to its efforts to regain control of several large correctional facilities in the South American country