Former Olympic pole vaulter Kory M. Tarpenning was sentenced to three months in prison for failing to pay taxes on nearly $2 million he made while living in Monaco - money he used to pay for a second home and private school tuition.
On Thursday U.S. District Judge Michael W. Mosman sentenced Tarpenning, who faced a maximum of three years in prison, to just three months for failing to report about $1.9 million in income and wages over five years.
Tarpenning said in court that he 'deeply regretted' his behavior, Oregonlive.com reported.
The Portland-born former athlete represented Team U.S.A. in pole vault in two Olympics - Seoul in 1988 and Barcelona in 1992, where he placed fourth.
The Portland-born former athlete (pictured) represented Team U.S.A. in pole vault for two Summer Olympic Games, in Seoul in 1988 and Barcelona in 1992, where he placed fourth.
Tarpenning was also the representative responsible for bringing the first Starbucks to Monaco in December 2013 (pictured with Princess Charlene of Monaco at the grand opening)
Tarpenning (pictured) was charged with failing to report money he received from a $2.4 million commission contract he was awarded after arranging a sponsorship between Nike, Inc. and Association Sportive de Monaco Football Club SA
The 59-year-old, who graduated Boston University with a master's in business, moved to Monaco where he lived as a successful brand consultant to U.S. companies interested in expanding operations to Monaco.
Tarpenning also owns several consulting companies, including Sirius Group SAM and Sirius Sports Marketing.
He was also the representative responsible for bringing the first Starbucks to Monaco in December 2013 and was pictured at the coffee shop's grand opening next to Princess Charlene.
Tarpenning was charged with failing to report money he received as a commission after arranging a sponsorship between Nike Inc. and Association Sportive de Monaco Football Club SA ('AS Monaco'), a professional soccer team in Monaco.
The commission contract was valued at about $2.4 million, federal prosecutors said.
Instead, the 59-year-old transferred his income to personal bank accounts in Monaco and the U.S. He used it to pay for a second home in Eugene, Oregon, worth $500,000 in 2015 and for his children's private school tuition in Monaco, prosecutors said.
Tarpenning also failed to report income he received from his interests in the two Sirius consulting companies,
