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Friday, May 26, 2017

Cristiano Ronaldo Faces 15 Months in Jail for Fraud

Real Madrid Superstar, ​Cristiano Ronaldo could face charges of tax evasion after allegations from the Spanish tax agency that he defrauded the authorities of €15 million between 2011 and 2014.

Spanish prosecutors said they have until the end of June to decide whether to charge the player with fraud, based on evidence from an investigation by tax officials.
The 32-year old is accused of defrauding the taxman by hiding funds from his image rights and other endorsements through offshore accounts in the Virgin Islands.
Prosecutors said that if they decided to charge him, and if the Portugal captain was subsequently found guilty by a court, he would face a prison sentence of at least 15 months. However, it would be unlikely he would go to jail as a first-time offender.
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