Last week, Spanish Princess Cristina de Borbon was stripped of her title as the Duchess of Palma de Mallorca as she awaits trial amid taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. fraud charges. The princess and her husband are accused of using a sports charity to embezzle 6 million euros ($6.75 million) during the 1996 Olympics in Atlanta. This scandal is one of many reasons former Spanish King Juan Carlos abdicated last year.
Princess Cristina is the first member of the family to be indicted on criminal charges. While her husband faces jail time, she is expected to only receive a fine, in addition to royal titles being stripped.
Princess Cristina does not receive a salary from the government, so she is selling property under her name in order to pay court fees and fines.Share