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Soccer mega star Cristiano Ronaldo could face six years in prison for tax and money laundering scheme

December 7, 2016  |  Posted by: JammedUp Staff
Soccer mega star Cristiano Ronaldo could face six years in prison for tax and money laundering scheme

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Soccer global icon Cristiano Ronaldo could be facing six years in prison amid reports he evaded paying taxes on €63.5 million in advertising sales.

Moreover, media sources say the Portuguese star may have concealed an even bigger sum of money utilizing offshore accounts in the British Virgin Islands and Swiss Bank accounts.

Several European media outlets including Der Spiegel Weekly in Germany conducted an investigative report after receiving 1.9 terabytes of classified financial information provided by the website Football Leaks.

According to Der Spiegel, the confidential data revealed Ronaldo failed to pay taxes on €63 million Euros from the sale of copyrighted advertising rights to two offshore companies in the British Virgin Islands in 2014 worth €75 million Euros.

The German publication provided the confidential data to nine other European media outlets, which make up the European Investigative Collaborations.

Ronaldo and super agent Jorge Mendes both were implicated in a tax evasion scheme in a recent report.

Cristiano Ronaldo and super agent Jorge Mendes both were implicated in a tax evasion scheme in a recent report.

Among the news outlets participating in the joint investigation included ElMundo newspaper based in Spain, which published a report, alleging Ronaldo had actually received close to €150 million in advertisement copyrights but only paid 4% of the total amount equaling €5.6 million directly to Spanish tax authorities.

Other high-profile football figures the report implicates in the tax and money laundering scheme includes Jose Mourinho, the manager of Manchester United, one of the top three biggest franchises in the world of sports and Ronaldo’s teammates with Portugal’s national team and Spain’s Real Madrid, Pepe and Fabio Coentrao.

According to Der Spiegel, a company named Gestifute, and its owner, non-other than Portuguese football super agent Jorge Mendes, who represents those implicated in the report, reportedly helped organize the scheme.

Manchester United manager Jose Mourinho

Manchester United manager Jose Mourinho

Responding to news of the report, the general secretary of Spanish tax technicians, José María Mollinedo, said in an interview with a Spanish radio station that “Ronaldo could face six years in prison if the allegations he committed tax fraud were confirmed.”

Mollinedo also stated that Spanish Tax authorities have requested prosecutors conduct an investigation into the matter

Gestifute issued a statement proclaiming that “both Cristiano Ronaldo and José Mourinho were in full compliance in paying their tax obligations to the Spanish and British tax authorities.”

Spanish Giants Real Madrid also responded to the report in a statement, calling for the “utmost respect” for their star player and maintained Ronaldo’s conduct during his time in Madrid has been “absolutely exemplary.”

Other high-profile soccer players who have also been accused in the past of being tax cheats include Ronaldo’s rival, Argentine icon Lionel Messi and Brazilan superstar Neymar.

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