Karl Lagerfeld Has Reportedly Been Hiding Money in Tax Havens

According to the French press (and what can be gathered from Google translate), Karl Lagerfeld has been hoarding his millions.

Chanel’s creative director is reportedly under investigation by French authorities for failing to disclose upwards of 20 million Euros to the government over a period of six years. L’Express, the newspaper that first reported the supposed shady business, claims that the Kaiser was able to pull off hiding so much money because he’s accustomed to circulating his cash through tax havens such as Ireland, the British Virgin Islands, and Delaware in the United States.

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The 82-year-old, who in addition to his position at Chanel also designs for Fendi and his eponymous brand, has allegedly been funneling funds through his photography studio.

Studio 7, which is headquartered in Paris and has contract work around the world, has been targeted as the focal point for the evasive activity and has been doing so by registering patents and other companies in various locations.

This isn’t the first time Lagerfeld has come under fire for his finances. In 2000, former International Monetary Fund chief Dominique Strauss-Kahn was probed by the the French government for false accounting at his law firm. Lagerfeld, a client, was named in connection for receiving massive tax breaks. Strauss-Kahn was eventually cleared, but there’s no denying the pair are friendly.

After Strauss-Kahn was charged with sexual assault in New York City, Lagerfeld told Style.com (now Vogue Runway) that he loves DSK and his wife.

“They are great people and when they came back to Paris I sent them flowers. But you know, for people in politics, it’s very embarrassing. On the left they had hoped he wouldn’t come back, because I think other people want his job. And on the other side…but even in America, Clinton survived his blow job,” he said.

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The designer also suggested that DSK’s powerful position and charm were in part responsible for the sex charges. “They all do it in the political world. They get horny from politics, from power. And he had unbelievable charms. He is really charming. He’s fun, he’s great. He’s a sweet guy—as long as you’re not a woman. That’s the problem.”