Skip to content

Recent Posts

  • Taxgirl Goes To The Movies: Star Wars
  • Looking For Tax Breaks?
  • Taxgirl Goes Back To The Movies In 2025
  • Here’s What You Need To Know About Submitting Tax Questions
  • Looking For More Great Tax Content?

Most Used Categories

  • individual (1,314)
  • politics (862)
  • IRS news/announcements (753)
  • tax policy (582)
  • ask the taxgirl (543)
  • prosecutions, felonies and misdemeanors (479)
  • just for fun (478)
  • state & local (403)
  • pop culture (399)
  • charitable organizations (389)
Skip to content

Taxgirl

Because paying taxes is painful… but reading about them shouldn’t be.

  • About Taxgirl
  • Info
    • My Disclaimer
    • A Word (or More) About Your Privacy
    • Subscribe
  • Ask The Taxgirl
  • Comments
  • Taxgirl Podcast
    • Podcast Season 1
    • Podcast Season 2
    • Podcast Season 3
  • Contact
  • Home
  • 2013
  • August
  • 1
  • Italy’s High Court Agrees That Berlusconi Should Go To Prison – But He Likely Won’t

Italy’s High Court Agrees That Berlusconi Should Go To Prison – But He Likely Won’t

Kelly Phillips ErbAugust 1, 2013July 16, 2020

E ‘finita. It’s finally over – sort of.

Italy’s high court has ruled that the sentence handed down by a lower court for former Prime Minister Silvio Berlusconi is appropriate – mostly.

It seems, when it comes to Berlusconi, nothing is ever quite certain.

Berlusconi was convicted of tax evasion last fall for his role in a tax fraud scheme involving a series of offshore companies. He was sentenced to four years in prison, forced to pay a fine of 10 million euros (US $13,209,000 as of today), and was banned from holding public office for five years. In May, an Italian appeals court in Milan  confirmed the sentencing.

At the time, Berlusconi caught a break on sentencing: the original four-year sentence had already been reduced to one year due to prison overcrowding. That didn’t change. And realistically, the 76-year-old will likely never see the inside of a cell due to his advanced age.

However, the high court did rule that Berlusconi’s ban from public office should be reconsidered. That is exactly what Berlusconi wanted. Even plagued by scandal, Berlusconi remains highly popular in his home country and has indicated that he hopes to run again for office.

So buono, right?

Not exactly. In June, Berlusconi was sentenced to seven years in prison for yet another conviction for soliciting sex with an underage girl. The girl, a Moroccan pole dancer named Karima el Mahroug, called “Ruby the Heart Stealer” was arrested for stealing and Berlusconi abused his political power to have Milan police drop the charges. Berlusconi has planned an appeal, claiming that he is innocent.

Berlusconi is also awaiting a decision on charges that he bribed a senator to switch parties. Sergio De Gregorio, a formerly left-wing senator from Naples, was allegedly paid to flip to Berlusconi’s more conservative People of Freedom party. De Gregorio has admitted taking the money. The trial was anticipated for summer but the next hearing has been slated for September 16th with any actual trial beginning at least a week later.

All of this hasn’t phased Berlusconi. He has bigger plans in store. In addition to launching a political comeback, he’s crafting a personal comeback: he’s announced plans to marry a woman fifty years his junior. And it will cost him. His engagement to 27-year-old Francesca Pascale will put a dent in his fortune, estimated by Forbes to be $6.2 billion. That amount landed him at #194 in the world’s billionaire list in 2013. But in order to marry Pascale, he had to divorce his previous wife, Veronica Lario, which will cost the billionaire nearly $50 million per year.

Despite all of the scandals, Berlusconi says he will press on. Not everyone in the country is thrilled. One of those opposed to Berlusconi, identified as Massimo Cantellari, said, “We were all hoping and praying that the court decision would mean we’d seen the last of Berlusconi, but it’s not to be. He is like a fly that keeps buzzing around even when you try to swat it away. But the difference is the consequences for the country are severe.”

Facebooktwitterlinkedinmail
author avatar
Kelly Phillips Erb
Kelly Phillips Erb is a tax attorney, tax writer, and podcaster.
See Full Bio
social network icon social network icon
italian politics, Italy, Silvio Berlusconi, tax, tax evasion

Post navigation

Previous: Obama Nominates Former Head Of Freddie Mac To Head Up IRS
Next: Did One Man’s Greed Drive Detroit Into Bankruptcy?

Related Posts

mansion

LA Times Mention In Mansion Tax Story

June 15, 2023 Kelly Phillips Erb
dollar bills

Taxpayers Can Learn From GoFundMe Scam

July 29, 2022August 7, 2022 Kelly Phillips Erb

What CEOs Think About The Economy and New Challenges Ahead

March 8, 2022March 8, 2022 John Luckenbaugh

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

© 2005-2022, Kelly Phillips Erb | Theme: BlockWP by Candid Themes.
Skip to content
Open toolbar Accessibility Tools

Accessibility Tools

  • Increase TextIncrease Text
  • Decrease TextDecrease Text
  • GrayscaleGrayscale
  • High ContrastHigh Contrast
  • Negative ContrastNegative Contrast
  • Light BackgroundLight Background
  • Links UnderlineLinks Underline
  • Readable FontReadable Font
  • Reset Reset
  • SitemapSitemap
  • FeedbackFeedback