{"id":1326,"date":"2016-02-09T04:00:31","date_gmt":"2016-02-09T09:00:31","guid":{"rendered":"http:\/\/journals.law.harvard.edu\/jsel\/?p=1326"},"modified":"2023-07-25T12:17:10","modified_gmt":"2023-07-25T16:17:10","slug":"when-a-deals-too-good-its-possibly-criminal","status":"publish","type":"post","link":"https:\/\/journals.law.harvard.edu\/jsel\/2016\/02\/when-a-deals-too-good-its-possibly-criminal\/","title":{"rendered":"When A Deal\u2019s Too Good, It\u2019s (Possibly) Criminal"},"content":{"rendered":"

\"SportsLocal-Soccer\"<\/a>Allegations are piling up against Brazilian f\u00fatbol superstar Neymar in European and Brazilian courts faster than he can score goals on the field.\u00a0 The 23-year-old striker recently appeared in a Madrid court over allegations of corruption and fraud surrounding his transfer from Brazilian soccer club Santos to FC Barcelona.\u00a0 While FC Barcelona claims that it acquired Neymar in a deal valued at \u20ac57 million (\u20ac17 million of which was paid to Santos), investigators said that the club concealed an additional \u20ac26 million it paid in the trade.\u00a0 According to the BBC<\/a>, the suit was brought by DIS, a Brazilian investment fund that owns 40% of the Brazilian player\u2019s sports rights.\u00a0 Of the \u20ac17 million that went to Santos as a result of the deal, DIS received 40% (approximately \u20ac6.8 million).\u00a0 However, because DIS claims that in actuality the deal was worth \u20ac83 million, DIS claims that it was wrongfully deprived of its full share and is owed significantly more than \u20ac6.8 million.<\/p>\n

In addition to the lawsuit in Spain, two cases are pending against Neymar in his home country of Brazil.\u00a0 In the first case, a Brazilian court has already frozen \u20ac47 million of Neymar\u2019s assets in connection with suspected tax evasion between 2011 and 2013.\u00a0 In a second entirely unrelated matter<\/a>, Brazilian authorities have recommended charging Neymar with four counts of fraud in relation to the tax case in Spain.\u00a0 Officials looking into the matter claim that shell companies were set up to help Neymar avoid paying a higher tax rate dating back to 2006.\u00a0 The fate of this case rests with a Brazilian judge who will decide if there is enough evidence to bring formal charges against the soccer star.<\/p>\n

Loren Shokes is an Entertainment and Sports Highlight Contributor for the Harvard Journal of Sports and Entertainment Law and a current second year student at Harvard Law School (Class of 2017).<\/i>
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Allegations are piling up against Brazilian f\u00fatbol superstar Neymar in European and Brazilian courts faster than he can score goals on the field.\u00a0 The 23-year-old striker recently appeared in a Madrid court over allegations of corruption and fraud surrounding his transfer from Brazilian soccer club Santos to FC Barcelona.\u00a0 While FC Barcelona claims that it 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