IBOV 171,031.73 ▲ 1.85% IPSA 11,338.38 ▲ 0.89% IPC MEX 65,729.18 ▲ 2.14% MERVAL 2,913,184 ▲ 1.30% COLCAP 2,459.23 ▲ 0.61% BVL PERÚ 58,698.13 ▲ 2.60% USD/BRL5.14— 0.00% USD/MXN16.93▲ 0.10% USD/CLP914.28— 0.00% USD/COP3,044▲ 0.21% USD/PEN3.36▲ 0.04% USD/ARS1,499▼ 0.03% USD/UYU40.20▲ 1.52% USD/PYG5,996▲ 1.39% USD/BOB11.43▲ 0.51% USD/DOP58.61▼ 0.07% USD/CRC450.05▲ 1.95% USD/GTQ7.62▲ 2.13% USD/HNL26.81▲ 1.55% USD/NIO36.62— 0.00% USD/VES782.70▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.71▲ 0.82% EUR/BRL6.00▲ 0.03% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 171,031.73 ▲ 1.85% IPSA 11,338.38 ▲ 0.89% IPC MEX 65,729.18 ▲ 2.14% MERVAL 2,913,184 ▲ 1.30% COLCAP 2,459.23 ▲ 0.61% BVL PERÚ 58,698.13 ▲ 2.60% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Brazil’s Neymar Faces up to Six Years in Prison from Spanish Court

By · November 1, 2018 · 2 min read

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By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL – Superstar forward from Brazil, Neymar da Silva Santos Júnior, is facing up to six years in prison from a Spanish court over alleged fraud related to his 2013 transfer from Brazil’s FC Santos to Spain’s FC Barcelona.

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Neymar could face up to six years in prison according to Spanish judge, Jose Maria Vazquez Honrubia, photo internet recreation.
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According to local reports, judge Jose Maria Vazquez Honrubia, from Spain’s national court, has stated that the fraud case could lead to a sentence of “between four to six years in prison” for the 26-year-old.

Since the case carries the possibility of a sentence greater than five years, under Spanish law Judge Honrubia was forced to refer the case to Spain’s Criminal Chamber, a higher judicial body comprised of a three-judge panel.

In addition to Neymar, his parents, FC Barcelona president Josep Maria Bartomeu, Bartomeu’s predecessor Sandro Rosell, and FC Santos former president Odilio Rodrigues Filho, now all await trial for the fraud case that stems from a complaint filed by DIS, a Brazilian investment company that had partly owned Neymar’s rights.

DIS alleges that Barcelona and Santos intentionally falsified the true cost of the 2013 transfer fee to escape paying taxes and DIS’s portion of the fee, which DIS claims to be forty percent.

At the time of the deal, it was initially reported that the cost of the transfer fee was €57.1 million (US$64 million). But about a year after the deal was consummated, Barcelona admitted that the transfer fee they paid for Neymar was actually much higher: €86.2 million (US$96.6 million), a full €30 million ($32.6 million) more than originally stated.

The scandal led to the resignation of FC Barcelona club president Sandro Rosell and incited an investigation and fines from Spain’s tax authorities.

In response to Judge Honrubia’s transfer of the case to Spain’s Criminal Chamber on Wednesday (October 31st), Neymar’s representatives from NR Sports said in a statement that this only furthers their defense that “Spain does not have jurisdiction to judge DIS’s claim.”

Neymar is currently playing for French club Paris Saint-Germain, who he joined from FC Barcelona in the summer of 2017 in a world-record €222 million transfer (US$263 million).

With Neymar’s annual salary of €45 million (US$53 million) and a five-year contract, PSG’s total cost for Neymar is upwards of €400 million (US$500 million).

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