Designers Dolce and Gabbana Sentenced to Prison For Tax Evasion
Italian Billionaire Designers Dominico Dolce and Stefano Gabbana have been found guilty of tax evasion by Judge Antonella Brambilla and sentenced to one year and eight months in prison. Their investigation began in 2007 for the year 2004 and 2006 when the designers sold their business to a Luxembourg-based holding company Gado Srl, which was under their control. They undervalued the company in order to avoid paying taxes on the transaction. Now, initially all seemed to be resolved until Italy's supreme court sent the case back to trial. The have been fined $439.70 million as restitution and have been charged in criminal charges related to the same business and faced 5 years in prison in which the actual sentence handed down was a bit shorter.
We hope everything gets resolved and we dont get to see these fab two in jail stripes...Fans are urging them to leave Italy.
The boys seem to be taking it lightly...lol
“@PernaMassimo1: @dolcegabbana @stefanogabbana in galera” they have wifi in jail?!
— Morning XO Star (@letSNAKESdance) June 19, 2013