Noooooo! Dolce & Gabbana Convicted of Tax Fraud
One of our favorite clothing for designers, Dolce & Gabbana have been sentenced to 18 months behind bar!
On Wednesday, and Italian appeals court convicted Domenico Dolce and Stefano Gabbana for tax fraud. CelebNMusic247.com is stunned to find out that the founders of the world-famous fashion label Dolce & Gabbana, have been sentenced to a suspended 18-month jail term.
Here is what is being reported by PageSix:
The designers stood accused of failing to pay tax on income of $277 million by creating fictitious companies in Luxembourg in order to dodge heftier corporate tax rates in their home country.
In a first instance ruling in June, each was sentenced to 20 months’ imprisonment. On appeal, the prosecution asked the court to drop the charges and acquit them, but Milan judges ignored the advice and confirmed the guilty verdicts, with a slight reduction in the jail term.
The court also upheld a fine of about $690,000 euros, and sentenced four other defendants — three Dolce & Gabbana managers, including Dolce’s brother Alfonso, and a tax consultant — to suspended prison terms ranging from 14 to 18 months.
“I am speechless. I am flabbergasted. We will definitely appeal,” said Massimo Dinoia, a lawyer for the designers. In Italy, rulings can be challenged twice before they are final.
The tax case against Dolce & Gabbana started in 2008. At the end of a civil lawsuit in 2013, the company’s founders were fined $475 million. But criminal proceedings remained open against them, leading to Wednesday’s convictions.
NOT D&G!!!
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- DOLCE & GABBANA lose appeal against tax fraud verdict… (news.yahoo.com)
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- Appeals court upholds Dolce&Gabbana conviction (usnews.com)
- Dolce and Gabbana to appeal after tax evasion conviction upheld (theguardian.com)
- Breaking: Dolce & Gabanna Have Been Sentenced to Jail After Being Found Guilty of Tax Evasion (complex.com)
