Posted: Wednesday, July 6, 2016. 10:20 am CST.
The prison sentence, however, is likely to be suspended since Messi is a first time offender and the conviction is for a non-violent crime with a sentence of less than two-years meaning Messi won’t spend any time in a cell. He will most likely be placed on probation.
The Barcelona court found the Argentina international star and his father Jorge Horacio Messi guilty of using companies in Belize, Britain, Switzerland and Uruguay to avoid paying taxes on 4.16 million euros of Messi’s income earned from his image rights from 2007-09.
The income related to Messi’s image rights that was allegedly hidden includes endorsement deals with Danone, Adidas, Pepsi-Cola, Procter & Gamble and the Kuwait Food Company.
The court found Messi and his father, who has managed his son’s affairs since he was a child, guilty of tax fraud and ruled that for each of those three years they should serve a sentence of seven months.
Messi, 29, a five-time world player of the year, was also fined 2.09 million euros while his father was fined 1.6 million euros.
They can appeal the decision to Spain’s Supreme Court.
Messi told the court during the four-day trial that wrapped up on June 4 that he trusted his father with his finances and “knew nothing” about how his wealth was managed.
The ruling is a black-eye on Messi’s reputation. It is also a black-eye on Belize’s already struggling banking and finance sector, which is battling the effects of de-risking.
Аdvеrtіѕе wіth thе most visited news site in Веlіzе ~ Wе оffеr fullу сuѕtоmіzаblе аnd flехіblе dіgіtаl mаrkеtіng расkаgеѕ. Yоur соntеnt іѕ dеlіvеrеd іnѕtаntlу tо thоuѕаndѕ оf uѕеrѕ іn Веlіzе аnd аbrоаd! Соntасt uѕ аt email@example.com оr саll uѕ аt 501-601-0315.
© 2016, BreakingBelizeNews.com. This article is the copyrighted property of Breaking Belize News. Written permission must be obtained before reprint in online or print media. REPRINTING CONTENT WITHOUT PERMISSION AND/OR PAYMENT IS THEFT AND PUNISHABLE BY LAW.