Fashion icons Domenico Dolce and Stefano Gabbana face two years of jail time to the tune of $1.3 billion in taxes that weren’t declared.
The luxury fashion house sold their brand to Gado SRL, a holding company established by the designers; authorities believe Dolce and Gabbana did that to avoid paying taxes in Italy.
“They are the ones who profited most from the operation,” prosecutor Gateano Ruta said. “Gado was an artificial construction made for the tax advantage that was obtained.”
The designers maintain their innocence, however, and may appeal the charges to avoid an upcoming trial.
“To be accused of something untrue is not a beautiful thing. But in the end who cares, we will all finish up six feet under,” Gabbana said in a personal Twitter statement. “I am interested in making clothes and that’s all. They can do and say what they want.”
— Erik Thompson Sr.(@theConfidant) May 29, 2013