Italian fashion designers Domenico Dolce and Stefano Gabbana, founders of the Dolce & Gabbana couture business, were sentenced by an Italian court to a 20-month suspended prison sentence and a fine of approximately $670,000 for tax evasion.
They were found guilty Wednesday of failing to declare 200 million euros, or about $268 million, in income earned by a Luxembourg-based company, to tax authorities in Italy, according to the Associated Press. The designers were acquitted of misrepresenting 416 million euros, or approximately $560 million, after the statute of limitations had expired.
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