Tennis legend Boris Becker sentenced to prison for fraud – White Collar Crime, Anti-Corruption & Fraud
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Tennis great Boris Becker has been sentenced to prison for fraud after being found guilty of hiding more than $4 million in assets.
The six-time Grand Slam champion transferred money to two of his former partners after declaring bankruptcy.
The judge remarked that he had shown “no remorse” and did not accept his guilt.
Becker had previously been convicted of tax evasion in Germany in 2002.
Boris Becker accused of fraud
Mr. Boris Becker was sentenced to two and a half years in prison for concealing his assets after declaring bankruptcy.
The tennis legend was found guilty of four counts under the
insolvency law earlier in the month. These offenses included failure to disclose, concealment and removal of significant assets following a bankruptcy lawsuit.
The German national was found guilty by a court of transferring money to his ex-wife Barbara and his ex-wife Sharley in 2017 after being declared bankrupt.
The court found that Mr. Becker hid approximately $4.4 million in assets to avoid paying his debts.
He did not declare any property in Germany, hid a bank loan of 825,000 euros (A$1.2 million) as well as shares in a Canadian technology company.
Sentencing judge Deborah Taylor noted that Becker showed no remorse for his behavior.
“While I accept the humiliation you felt as a result of this procedure, you have shown no humility.”
The two-time Australian Open winner will serve at least half of his sentence in full-time detention.
fall out of favor
The court heard that the former Grand Slam winner lost his fortune after his retirement. He claimed he didn’t know where his trophies were.
He suggested that a high interest loan was responsible for his monetary woes. He also claimed to benefit from the diplomatic protection of the Central African Republic in order to avoid bankruptcy.
Becker’s fraud lawyer claimed the tennis icon was publicly humiliated throughout the trial. Adverse publicity is a well-known reason for extra-curial sanction.
“His reputation, the essential element of the brand, which gives him work, is in tatters…His downfall is not merely a disgrace and amounts to the most public of humiliations.”
The court heard the former Wimbledon winner had ‘literally nothing to show for what was the most glittering of sporting careers’.
Support for Boris Becker
Boris Becker had denied all accusations of fraud and claimed to have cooperated with the bankruptcy proceedings. He maintained that he relied on his advisers.
He was acquitted of 20 other charges, including failing to hand over other assets, including two Wimbledon trophies and an Olympic gold medal.
The German Tennis Federation (DTB) expressed their support for the legend, saying: “We have taken note with regret of the verdict regarding Boris Becker… We wish him a lot of strength for the future. He will always be part of our tennis family. .”
Boris Becker was also convicted of tax evasion in Germany in 2002. He received a suspended prison sentence for this.
Fraud in New South Wales falls under the charge of ‘obtaining financial advantage or property by deception’ under
Section 192E of Misdemeanors Act 1900 (New South Wales).
The definition of fraud is acting dishonestly to cause financial advantage or disadvantage.
For you to be found guilty of dishonestly obtaining a financial advantage by deception charges, the prosecution must prove beyond a reasonable doubt that:
- You received property or a financial benefit, OR
- You have caused financial loss, AND
- The gain or loss was caused by your actions, AND
- These actions were dishonest. Dishonesty must be evaluated by the standards of ordinary people and requires you to know that your actions are dishonest by those standards. If a defendant’s dishonest actions were not the primary cause of the gain or loss, the charge will be dismissed.
If you have been charged with fraud, it is important to get advice from a leading fraud lawyer early. Call Astor Legal on (02) 7804 2823. Or, you can email [email protected] You can also read some recent cases where fraud charges were dismissed by click here.
The maximum penalty for “dishonestly obtaining financial benefit or property by deception” is 10 years imprisonment when heard in district court.
Looking at statistics since 2018, 32% of those convicted of this offense have been sentenced to some form of imprisonment. 16% of people were sentenced to full-time imprisonment. Only 10% of people have received no convictions for fraud.
Jail is a real possibility and avoiding a conviction is not easy. Fraud is taken very seriously by the courts. Having the right attorney makes all the difference in the ultimate sentence you will receive.
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