Could two of the world's most successful designers go from concocting couture creations for stars like Madonna, to wearing orange jumpsuits?
Last month, Italy's Tax Commission slapped Stefano Gabbana and Domenico Dolce with a whopping fine of €343.40 million (about $440 million at current exchange) in a prolonged tax evasion case. Prosecutor Gaetano Ruta said in his closing arguments Wednesday that the designer duo should be sentenced to 2 years and six months in prison, WWD reports, for failing to declare $1.3 billion in income to authorities. Italian news outlet Ansa reports that Ruta stated, "They are the ones who profited most from the operation."
The case stems from the 2004 sale of Dolce & Gabbana and D&G to Gado Srl, a Luxembourg-based holding company which Italian authorities believe was created by the designers to avoid hefty corporate taxes within the country.