The Italians don't play when it comes to tax evasion and financial crimes, with a special branch of the army called the Guardia di Finanza solely devoted to busting those who play with numbers. Flavio Briatore is one of the most recent big fish caught in the Guardia's net; his $22-million yacht, Force Blue, was impounded over the weekend off the coast of the Italian Riviera.

The perma-tanned Briatore keeps the yacht registered in the Cayman Islands and claims it's hired out by the week, but Italian authorities contend that Briatore spends a hefty portion of the year on the vessel. In fact, when the dawn raid was carried out, Briatore's wife and son were on board. If customs authorities can prove VAT evasion, Briatore could be on the hook for a fine of $5 million.

Given that Briatore owns and operates a $22-million yacht, he probably won't have a hard time paying the penalty. He shouldn't feel bad either way, since he joins luminaries such as Bank of America, soccer club Juventus, and North Korean dictator Kim Jong-Il on the list of folks nabbed by the Guardia di Finanza.

[Source: The Mirror]

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
  • 2015 Toyota Highlander
    MSRP: $29,765 - $44,140
    2015 Jeep Grand Cherokee
    MSRP: $29,995 - $64,895
    2015 Honda Accord
    MSRP: $22,105 - $33,630
    2015 Honda Civic
    MSRP: $18,290 - $26,740
    2015 Mazda Mazda3
    MSRP: $16,945 - $25,545
    Share This Photo X