We still don’t know what the fates of Domenico Dolce and Stefano Gabbana will be following their tax evasion trial in Milan. But if the prosecutor gets his way, the trial will end in jail time for all involved, WWD is reporting.
Reports earlier in the trial indicated that jail time–as much as five years–would be a possibility. The designers, along with their accountant, are accused of omitted and unfaithful earnings declarations, specifically related to the 2004 sale of the Dolce & Gabbana and D&G brands to the designers’ Luxembourg-based holding company, Gado Srl. Italian tax police believe the designers made the sale to avoid higher taxes in Italy. The designers have denied all charges.
Last month, they were fined $440 million by Milan’s tax court for their alleged tax evasion crime. But, that may not be all, as the criminal trial they face has yet to be settled.
According to WWD, in his closing speech today, prosecutor Gaetano Ruta requested two and a half years in jail for Dolce and Gabbana, three years for the designers’ accountant Luciano Patelli, and two years for both Alfonso Dolce, Domenico’s brother, and finance director Giuseppe Minoni.
Will Dolce & Gabbana be designing their fall 2014 collection from prison? Stay tuned.