Say What?! Dolce & Gabanna Sentenced to Prision for tax evasion

stefano-gabbana-domenico-dolce-portrait

How in the…. I don’t think I’ll be able to sleep at night knowing that Domenico Dolce and Stefano Gabbana were sentenced to prision yesterday. The two designers were sentenced to a year and 8 months, after reportedly failing to pay over 40 million Euros to the Italian government.

I feel bad and then a don’t a little, considering such individuals never end up doing the time anyway. How do you not pay that much money? You mean to tell me after you are charging people up and expecting them to pay full price for high end products, your going to go bootleg with the government? How do you say “Ratchet” it Italiano?

CNN Reports:

“This time it was not the case like the invoice for car repair,” prosecutor Laura Pedio said of the crime for which the fashion duo was convicted. “This time it’s serious, complicated, sophisticated tax fraud crime.”

Both men were sentenced to one year and eight months in prison and, in addition to what they owe in taxes, told to pay a fine of 500,000 euros. Their lawyer, Massimo Dinoia, vowed that the defense plans to appeal the convictions as well as the related fines and sentences.

“Dolce and Gabbana will not go to jail now or ever,” Dinoia said.

Four others associated with the upscale Dolce & Gabbana brand — including Domenico’s brother Alfonso Dolce and company tax consultant Luciano Patelli — also face prison time, though Dinoia and Pedio did not know the length of all their sentences. While the decision was announced Wednesday morning in a Milan court, authorities did not immediately release details to the media or public.

According to Pedio, investigators found that between 2004 and 2007 Dolce and Gabbana failed to tell Italian authorities about an offshoot company they’d set up in Luxembourg, costing Italy millions of euros in taxes.

“I’m very satisfied with the sentence,” the prosecutor said. “It was a very elaborate (use of an offshore company) that appeared legal, but was illegal.”

The fashion magnates’ defense team said this wasn’t a sweeping verdict. In a statement, the lawyers said the court found Dolce and Gabbana innocent “of the accusation of having unfaithfully declared their earnings,” even as the two men were convicted on a “taxes declaration omission.”

It’s not clear how the court ruling will impact the storied Dolce & Gabbana company, if at all.

Well their lawyer sound confident… Let’s see how this cookie crumbles. Stay tuned for updates…

Until Next Time,

Your BFF BLUSH!

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One thought on “Say What?! Dolce & Gabanna Sentenced to Prision for tax evasion

  1. Pingback: Dolce & Gabanna close up shoppe(s) in Milan | Bazaar Daily News

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