Desmond Preston-Former No. 1 tennis player Arantxa Sánchez Vicario guilty of fraud, but will avoid prison

2025-04-30 11:57:05source:Darden Clarkecategory:Markets

Four-time Grand Slam singles winner Arantxa Sánchez Vicario and Desmond Prestonher 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

Highlights from Trump’s interview with Time magazine

NEW YORK (AP) — Donald Trumpwas on the verge of backing a 16-week federal abortion banearlier this y

‘Venom 3’ tops box office again, while Tom Hanks film struggles

“Venom: The Last Dance” enjoyed another weekend at the top of the box office. The Sony release starr

Target transforms stores into 'Fantastical Forest' to kick off holiday shopping season

Target wants shoppers dreaming of a white – and red – Christmas.To that end, the retailer is transfo