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News Tag: Fraud

Valentino Investigated for Tax Fraud

10 August 2007

Valentino Rossi, seven time motorcycle world champion has this week been checked out for tax evasion by the Italian tax authorities and could face a criminal investigation. Valentino was reported by Italy’s tax agency to the public prosecutor’s in his home town of Pesaro, which is on the Adriatic coast. It was said that on Wednesday 8th August that the tax office was investigating 28 year old Vale for a possible $82.8 million undeclared earnings from 2000 to 2004. It is alleged that Valentino, who has been a British resident since 2000, has not declared any revenues from his team or sponsorship to either the British or Italian tax authorities.