Thursday, November 20, 2008

Marc's Million Dollar Payoff

Scandal in the fashion world? Marc Jacobs Incorporated has paid $1 million dollars to settle the scandal following the alleged bribery of a city official to secure the Park Avenue Armory for the designer's runway shows during New York's Fashion Week. Neither Jacobs nor the company will face formal charges. The armory superintendant, James Jackson, however pleaded guilty on November 7 and is to be sentenced next month. Perhaps this is where all the dollars from his canceled holiday party are going?

WWD reports:
According to Attorney General Andrew Cuomo, from around February 2000 to February 2007, MJI used an intermediary to pay Jackson cash and goods valued in excess of $35,000 to allegedly get preferential booking for the armory space during New York Fashion Week.

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