Former Italian PM Sentenced to Four Years for Tax Fraud

Berlusconi announced two days ago he wouldn't be running to lead his party again

 An Italian court on Friday sentenced former prime minister Silvio Berlusconi to four years in jail for tax fraud in connection with the purchase of broadcasting rights by his Mediaset television company.

Berlusconi has the right to appeal the ruling two more times before a definite sentence, and will not have to serve any time in jail until his final appeal is heard. Prosecutors had asked for a jail sentence of three years and eight months.