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Billionaires Who Cheated On Their Taxes
Domenico Dolce and Steffano Gabbana

Source of wealth: Fashion

From catwalk to perp walk, an Italian judge in June hit the two fashion moguls with a 20-month prison sentence for tax evasion. (They vehemently deny it, and vow to continue to appeal.) Their Luxembourg-based holding company, Gado, allegedly hadn’t paid 40 million euros in taxes between 2003 and 2004. The court case has unraveled their business enough for the pair to put their IPO on hold.

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Billionaires Who Cheated On Their Taxes

October 15, 2013