Clutch your pearls fashion lovers! Domenico Dolce and Stefano Gabbana, the men behind the Dolce&Gabbana brand, have been found guilty of tax evasion in a Milan court and sentenced to 20 months in jail! Details inside
According to Huffington Post:
They were found guilty of failing to declare 200 million euros ($268 million) through a Luxembourg company to authorities and given a one year and eight months suspended jail sentence. They were ordered to pay a penalty of 500,000 euros (about $670,000) to tax authorities.
The court, however, acquitted them of misrepresenting income of 416 million euros (around $560 million) each, even though the statute of limitations had expired on the charge. READ MORE