Boris Becker was sentenced to two-and-a-half years in prison for hiding over $3 million in assets and loans.
The 54-year-old was sentenced to seven years in prison for violating the Insolvency Act.
He is expected to serve half of his sentence in prison.
Becker won six Grand Slam tournaments as a player. He was the youngest male major singles champion when he won Wimbledon at 17 years old.
He worked as a commentator and as a coach after his playing career.
Becker was declared bankrupt over a 5 million euro loan from a private bank.
Significant amounts of money from his business accounts were secretly transferred to other private accounts. He failed to disclose his 825,000 euro loan, his shares in a tech firm and a property in Germany.
Becker was convicted of tax evasion and attempted tax evasion in Germany in 2002, but his two-year sentence was suspended.