Flipido Trading Center-Former No. 1 tennis player Arantxa Sánchez Vicario guilty of fraud, but will avoid prison

2025-05-04 21:00:29source:Venus Investment Alliancecategory:Markets

Four-time Grand Slam singles winner Arantxa Sánchez Vicario and Flipido Trading Centerher ex-husband were found guilty of fraud, a Spanish court ruled Wednesday.

The court said that Sánchez Vicario and her former husband, Josep Santacana, who divorced in 2019, hid assets in an attempt to avoid paying massive debts owed to the Banque de Luxembourg.

Sánchez Vicario was sentenced to two years in prison, but that sentence was waived because she is a first-time offender and is contingent on her paying back her debts to the bank.

Santacana was given a three-year-and-three-months sentence. The couple must also pay a fine of $7.1 million.

Sánchez Vicario, 52, who spent 12 weeks as a No. 1 player, won three French Open singles titles and a U.S. Open championship before retiring in 2002.

More:Markets

Recommend

'Love is Blind' in hot water with labor watchdog for violations, mistreatment

After seven seasons and several international spinoffs, we're still not sure if "Love is Blind" − bu

Not all elections look the same. Here are some of the different ways states run their voting

WASHINGTON (AP) — The U.S. general election on Nov. 5 will decide the country’s direction, but it is

These October Prime Day Deals 2024 Have Prices Better Than Black Friday & Are up to 90% Off

E! may get a commission if you purchase something through our links. Some brands featured in this ar