Wednesday, November 19, 2008

Marc Jacobs To Pay $1 Million In Bribery Case

The New York State Attorney General has nailed designer Marc Jacobs for allegedly bribing a State official so he could get a desirable venue for his fashion show.

A.G. Andrew Cuomo says Jacobs's company, Marc Jacobs International, has agreed to pay a $1 million fine.

According to docs, Jacobs wanted the 69th Regiment Armory, run by the State. The A.G. claims James Jackson, the former Superintendent of the 69th Regiment Armory, demanded bribes from Jacobs and others over an eight-year period to use the Armory.

A company founded by fashion designer Marc Jacobs has paid $1 million to resolve an allegation that it bribed a New York state employee.

Marc Jacobs International was accused last winter of repeatedly paying off a superintendent at a National Guard armory so it could secure the building for its celebrity-studded fashion shows in New York City.

Attorney General Andrew Cuomo announced the settlement Wednesday.

Neither Jacobs nor the company will face formal charges in the scandal.

The armory superintendent pleaded guilty to a bribery indictment on Nov. 7. He is scheduled to be sentenced next month.

The company said in a written statement that it was pleased to be done with the matter.

All I have to say is: 4 real?

"A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort."---Herm Albright

Lovin Life, Truth Is


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