Tax Fraud: 7 Billionaires Convicted For Tax Evasion

2. Lee Kun-hee
South of wealth: Samsung Electronics

Lee Kun-hee, chairman of Samsung Electronics who has a fortune of 12.6 billion was charged with tax evasion cases in the year 2009. Being one of the richest personalities, Lee Kun-hee retired as the chairman in 2008 and came back again in 2010. Though he had paid the taxes of $130 million in the previous year, in the preceding year, Kun-hee became another example of a tycoon getting off easy.

3. Silvio Berlusconi
Source of wealth: Media

Silvio Berlusconi is an Italian entrepreneur, media tycoon and politician who served four times as Prime Minister of Italy. In 2013, with the net worth of U.S. $6.2 billion, Forbes ranked him as one of the richest man in the world.

In 2013, he was found guilty on the basis of tax-evasion and was sentenced to four years imprisonment along with a public office ban for two years. As Berlusconi was a 70 years man he was exempted from direct imprisonment, and instead he was asked to serve his sentence by doing unpaid social community work.

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