Brazilian international Marcelo and Real Madrid star, Marcelo has finally admitted that he cheated.
Marcelo
Real Madrid left-back Marcelo on Tuesday admitted defrauding the Spanish tax authorities of nearly half a million euros, according to a judicial source.
In the report by AFP, the Brazilian international Marcelo admitted to tax fraud in court in Alcobendas, on the outskirts of Madrid, after being accused using front companies to hide 490,917 euros ($579,348) he earned from image rights in the 2013 financial year, a sum which he will now pay back.
It is believed the Madrid vice-captain’s admission of guilt is a first step in a deal he is trying to cut with Spanish prosectors and officials. Once drafted, the prospective agreement will be presented to a judge. It will probably include a four-month suspended prison sentence and an additional fine equivalent to 40 percent of the sum he hid from the tax man.
Revealing how he orchestrated the dubious act, Marcelo used companies in Uruguay and the UK since 2006 to render his income from image rights “fiscally opaque”. Marcelo’s trial is part of the Spanish tax authorities’ offensive on football, which has also caught the game’s two biggest stars.