Wednesday 30 April 2014

Dolce and Gabbana Designers Sentenced to 18 Months in Jail for Tax Evasion.

Domenico Dolce, Stefano Gabbana
This is so not in fashion.
Dolce & Gabbana designers Domenico Dolce, 55, and Stefano Gabbana, 51, were each sentenced to 18 months in jail by an Italian appeals court today after being convicted on charges of hiding hundreds of millions of euros from Italian tax authorities. The court upheld a guilty ruling that was made back in June 2013. The sentence was reduced from 20 months to 18 because of the statute of limitations in Italian law.
Dolce and Gabbana's accountant Luciano Patellito was also sentenced to one year and six months in jail.
Dolce and Gabbana were charged after they sold their brand to the Luxembourg-based company Gado in 2004 to avoid having to pay dues in Italy, which has been hard up for cash thanks to the ongoing economic crisis in the Euro zone.
"I am speechless. We are all shocked," Massimo Dinoia, a lawyer for Dolce and Gabbana, reportedly said afer the initial ruling. "The judgment is inexplicable and we will appeal."
Celeb fans of the D&G designers include Scarlett Johansson, Katy Perry, Jennifer Hudson and Victoria Beckham, to name a few.

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