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Business

Heiress to Nina Ricci fortune avoids jail for tax fraud

A French appeals court ruled Friday that the heiress to the estate of fashion designer Nina Ricci will not serve jail time over her conviction for tax fraud, reducing an earlier sentence. The court handed Arlette Ricci, 76, a three-year suspended sentence and confirmed a one-million-euro (1.1 million dollars) fine and the confiscation of two...

May 19, 2017

Fashion

Prison term in France for Ricci heiress over tax fraud

A French court Monday sentenced Arlette Ricci, heiress to the French fashion designer Nina Ricci's estate, to three years in prison and handed her a million-euro fine for tax fraud. Ricci, who was not present in court for the verdict, was exposed in the so-called "SwissLeaks" cache of secret data of HSBC clients that was passed to French...

Apr 13, 2015

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