Dolce and Gabbana trial ends in jail sentence for tax evasion
Don't pay your taxes and eventually the man is going to catch up to you. That's the lesson Domenico Dolce and Stefano Gabbana, otherwise known as fashion designers Dolce and Gabbana, are learning.
Following a trial, the pair were convicted of hiding millions of euros from tax authorities in Italy. As punishment for the crime, they were sentenced to a year and eight months in prison, though that has been suspended, pending an appeal.
The investigation into Dolce and Gabbana first began six years ago, according to the BBC, when the Italian government decided to get serious about those who avoid their taxes. A judge ruled that the pair moved their brand to a holding company in Luxembourg in order to avoid paying taxes on one billion euros (roughly $1.3 billion).
Initially they were cleared of the charged in a 2011 trial, however the ruling was overturned by the highest court in Italy.
Photo/Video credit: Getty Images
Zap2it Elite Sheet Must Reads from the Web's In-Crowd