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Dolce&Gabbana to bite the dust if forced to pay €400mn fine

Russian hackers charged in 'biggest' data breach case, 160mn credit card numbers stolen

Reuters / Catherine Benson

A US court has charged four Russians and a Ukrainian for stealing more than 160 million credit card numbers, which the prosecution says has resulted in hundreds of millions of dollars in losses for major corporations worldwide.

The five have been charged with running a sophisticated hacking organization that penetrated computer networks of more than a dozen major American and international corporations over seven years.

Dolce&Gabbana to bite the dust if forced to pay €400mn fine

AFP Photo/Joel Saget

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Economy, Retail

Italian fashion duo Domenico Dolce and Stefano Gabbana say their world-famous Dolce & Gabbana business won’t survive if a tax fraud conviction is upheld and they have to pay a €400mn ($527mn) fine.

In June an Italian court sentenced Dolce and Gabbana to 1 year and 8 months in prison for tax evasion of almost a billion euros. Prosecutors argued that the pair had evaded taxes on income of €416m each and €200m through a Luxembourg-based company, the Guardian reports. A court has agreed to give them suspended 20-month sentences if they pay a €400 million fine.