All tag results for 'tax fraud'

An Italian judge has yet to decide if Dolce & Gabbana will face criminal charges for tax fraud.

Both the prosecution and defense were in court on Friday to hear Judge Simone Luerti's ruling, only to have it postponed until April 1st.

The judge did however, meet with the designer's tax consultant Luciano Patelli in a closed hearing, where he gave deposition testimony.

Stay tuned.

[Image via WENN.]

Tags: judge simone luerti, luciano patelli, postpone, tax evasion, tax fraud, testimony

This Friday, Dolce & Gabbana will find out if they will be put on trial for tax evasion.

As we mentioned last year, officials discovered Domenico and Stefano failed to pay taxes on over $1 billion in revenue.

Other designers who have faced tax evasion charges either settle their case or it's thrown out, unfortunately these two might not be so lucky.

The prosecution is seeking a criminal indictment against Dolce & Gabbana for fraud and setting up a fake company. Typically the maximum sentence for fraud is 5 years, but other details specific to the case could tack on another 2 years.

Eek.

And of course the jail time would be on top of repaying the Italian revenue agency and lots of fines.

[Image via WENN.]

Tags: 1 billion tax fraud, criminal charges, domenico dolce, stefano gabbana, tax evasion, tax fraud

On Friday, Italian prosecutor Laura Pedio put in a request to try Dolce & Gabbana founders Domenico and Stefano for tax fraud.

Last month officials investigated Gado, a company the designing duo set up in Luxembourg around 5 years ago, so they wouldn't have to pay Italian taxes.

As a result, the investigation found the company has failed to declare over 840 million euros (or $1.14 BILLION) in revenue.

Ouch.

It's unclear the punishment they'll face if found guilty, but we have a feeling it's not going to be good.

[Image via WENN.]

Tags: 1 billion tax fraud, domineco dolce, laura pedio, stefano gabbana, tax evasion, tax fraud, taxes