Bayern president Uli Hoeness to be sentenced tomorrow for tax evasion
The ups and downs of the Bayern Munich president will reach an unknown apex tomorrow.
Having admitted last winter to tax evasion using a secret Swiss bank account, Uli Hoeness will learn his fate tomorrow as he faces up to 10 years in prison.
The 62-year-old German made a killing in stock market profit for years, and a year ago disclosed to courts that he evaded more than $4 million in taxes using his bank account across borders.
Hoeness is hoping that his “voluntary disclosure” - a term in German law that requires an admission plus repayment of the taxes with a 6% interest - will help him evade jail time, but according to the Guardian his prospects of doing so have appeared more and more bleak.
Hoping to avoid a court summons altogether with his disclosure tactics, he received the letter in November anyways.
His case is also being handled by Judge Rupert Heindl, who is forebodingly nicknamed “Judge Merciless.”
You can read the full Guardian article on Hoeness’s situation here, including bits on how Hoeness’s admission over a year ago caused a domino effect as many German celebrities followed suit, as well as a discussion on how he had reported aspirations of jumping to politics, utilizing his very positive public image.