German Soccer Icon Won't Fight Tax Evasion Conviction

Law360, New York (March 14, 2014, 5:50 PM EDT) -- Uli Hoeness, one of the most popular figures in the history of German soccer, said Friday that he will not appeal a recent tax evasion conviction and resign as president of top European club FC Bayern Munich, saying evading taxes was “the biggest mistake of [his] life.”

Hoeness, 62, was convicted Thursday in Munich District Court on seven counts of tax evasion and sentenced to three and a half years in prison. He would have had one week to lodge an appeal with Germany's federal court...
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