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Silvio Berlusconi Tax Fraud Conviction Upheld By Italian Court

Mediaset mogul was sentenced to four years

Silvio Berlusconi, the scandal-plagued former Prime Minister of Italy and billionaire media mogul, faced yet another setback in court today when Italy's top court confirmed his conviction for tax fraud.

Also read: Silvio Berlusconi convicted in Underage Sex Case, Gets 7-Year Sentence

Berlusconi was found guilty and sentenced to four years in jail last October for creating a slush fund with money used to buy U.S. film rights, which then, in turn, allowed his Media broadcast company to pay lower taxes. The Italian Supreme Court's decision on Thursday means that conviction will definitely stand.

Berlusconi also faces jail time for a separate June conviction for paying an underaged girl for sex. He was sentenced to seven years in jail for that, and is expected to appeal that the Italian Supreme Court.