BANKRUPT BORIS BURIED BIG BUCKS!
Convicted tennis star facing prison for fraud
GERMAN tennis great Boris Becker got the backhand from a London jury that found him guilty of secretly hiding assets and squirreling away hundreds of thousands of dollars while filing for bankruptcy!
The onetime “Baron von Slam” now faces up to seven years in the grand slammer after being convicted under the Insolvency Act for removing property, concealing debt and two counts of failing to disclose his real assets.
The court found the 54-yearold former world champ stashed cash in accounts owned by exes Barbara and Sharlely and was shady about German property holdings, stocks and a $1 million bank loan. But Becker was acquitted on 20 other counts.
This isn’t the first time Becker has run into
problems handling his volatile tennis fortune!
In October 2002 the
Munich District Court slapped him with hefty fines for tax evasion!
Becker, a six-time
Grand Slam champion, denies all the charges and blames losing his $50 million nest egg on messy divorces, lousy financial advice and “expensive lifestyle commitments,” including a house near his old Wimbledon stomping grounds that he rents for $28,800 a month. He claims “bad publicity” tarnished “brand Becker.”
It’s “very difficult when you are bankrupt and in the headlines every week for it,” he said during his trial defense. “It’s very difficult to make a lot of money with my name.”
Boris is out on bail while awaiting sentencing.