Soccer Star Will Have to Go to Trial for Alleged Tax Evasion
The ongoing tax saga of soccer star Lionel Messi will continue. That news comes after a judge in Spain ruled that the Barcelona FC star would indeed have to stand trial for tax fraud charges in association with his many endorsement deals with foreign companies. The news comes just days after a report stated that Mr. Messi would not have to go to trial, and that only his father would face the courtroom.
Not So Fast
However, the Spanish judge ruled otherwise and said that Mr. Messi and his father should both have to go to trial. Even though his lawyers argued that Mr. Messi did not have any hands-on dealings with his endorsement contracts, the judge ruled that he “couldn’t have ignored” that a large part of his revenue was coming from foreign companies. If he is convicted, the soccer star could receive a sentence for as long as 22 months.
No Jail Time Likely
However, the good news for Mr. Messi is that even if he is found guilty of the charges he will most likely not spend any time behind bars. That’s because sentences for financial crimes shorter than two years are typically suspended according to Spanish law. In addition, Mr. Messi and his father have reportedly either already paid, or have agreed to pay, the missing tax money, plus interest.
The Value of Investing | Elaina Serotte
About Elaina Serotte Elaina began her career in 1999 at Morgan Stanley as a sales assistant in the Global High Yield Bond department in New York. In 2002, Elaina moved to MassMutual Financial Group in San Francisco as a Senior Financial Planner. She built her private client group from the ground up, serving over…
Real Estate for Startups | Greg Pickett
About Greg Pickett Utilizing his background in real estate finance and his skills in the areas of communications and analysis, Greg Pickett represents the interests of corporate clients and their real estate needs. Greg specializes in representing tenants in the leasing and disposition of property on the Peninsula and Silicon Valley. Greg has represented…
Jukko – Meaningful Engagement on Mobile | Elizabeth Sarquis
About Elizabeth Sarquis Elizabeth Sarquis is the founder and CEO of Jukko, the first ever mobile discovery platform designed to foster positive social impact. She is also the CEO and founder of Global Gaming Initiative. Elizabeth has worked extensively with United Way, the National Eating Disorders Association, Park Nicollet Health Services, and others to…
Ravel Law | Daniel Lewis
About Daniel Lewis Co-founder and CEO Daniel Lewis has a JD from Stanford Law (’12) and a BA from Johns Hopkins. Prior to law school, he worked as a national energy and transportation policy analyst at the Bipartisan Policy Center in Washington, DC. Daniel also worked for Senator Barbara Boxer and was a leader of…