Dolce & Gabbana founders, Domenico Dolce and Stefano Gabbana, have been hit with a $13.4 million penalty for tax evasion. On Wednesday, Milan-based Judge Antonella Brambilla held that the two designers were guilty of a tax evasion scheme, in which they hid about $1.3 billion from authorities, and sentenced them to a suspended jail term of 20 months. This damages amount follows a separate one from Italy’s Tax Commission, which fined Domenico Dolce and Stefano Gabbana 343.4 million euros (about $440.2 million), plus interest, following the Italian Internal Revenue Agency's investigation of the sale of the Dolce & Gabbana brand in 2004. Good thing they are newly-recognized billionaires!
As for the likelihood of the designers actually serve their one year and eight months in prison ... Italian law states that individuals with sentences of less than two years don't actually have to go to prison. So, Dolce and Gabbana probably won't spend time in prison after all.