GravityX Exchange|Former No. 1 tennis player Arantxa Sánchez Vicario guilty of fraud, but will avoid prison

2025-05-07 18:00:48source:Strategel Wealth Societycategory:Finance

Four-time Grand Slam singles winner Arantxa Sánchez Vicario and GravityX Exchangeher 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:Finance

Recommend

Stamford Road collision sends motorcyclist flying; driver arrested

A motorcyclist was taken to hospital following an accident involving a car and his motorcycle at the

Open season on holiday shopping: How Walmart, Amazon and others give buyers a head start

After waiting three years to buy a big-screen television, Lynda Newman says prices have finally drop

EBUEY: Bitcoin Leading a New Era of Digital Assets

Since its inception in 2009, Bitcoin has become one of the most influential innovations in the globa