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Marc Jacobs Pays $1M Fine
Marc Jacobs Pays $1M Fine
by Elizabeth Morrow
Posted Wednesday November 19, 2008
From WWD.COM
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1866694
ALBANY – Marc Jacobs International has paid $1 million to New York State for its conduct related to payments made to the former superintendent of the 69th Regiment Armory, James Jackson, for use of the armory’s drill hall to host the brand’s fashion shows.
According to Attorney General Andrew Cuomo, from around February 2000 to February 2007, Marc Jacobs International 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.
Marc Jacobs paid the $1 million in February to settle the case. Pursuant to the agreement, Marc Jacobs agreed to engage the services of a private monitoring agency for a two-year period to review its operations and report to the attorney general. Marc Jacobs’ executives have cooperated fully with the investigation and the agreement resolves the investigation with respect to Marc Jacobs, according to Cuomo.
“New York City is a global epicenter for fashion and cultural events and we will not allow corruption and greed to tarnish one of our most lucrative industries,” Cuomo said in revealing the settlement. “Places like the 69th Regiment Armory are a key part of ensuring that cultural enterprises across the state continue to thrive.”
Jackson, 57, has pled guilty to larceny and bribery in the second degree for demanding cash from armory exhibitors over an eight-year period, according to Cuomo.
Marc Jacobs Pays $1M Fine
Marc Jacobs Pays $1M Fine
by Elizabeth Morrow
Posted Wednesday November 19, 2008
From WWD.COM
Add Note
1866694
ALBANY – Marc Jacobs International has paid $1 million to New York State for its conduct related to payments made to the former superintendent of the 69th Regiment Armory, James Jackson, for use of the armory’s drill hall to host the brand’s fashion shows.
According to Attorney General Andrew Cuomo, from around February 2000 to February 2007, Marc Jacobs International 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.
Marc Jacobs paid the $1 million in February to settle the case. Pursuant to the agreement, Marc Jacobs agreed to engage the services of a private monitoring agency for a two-year period to review its operations and report to the attorney general. Marc Jacobs’ executives have cooperated fully with the investigation and the agreement resolves the investigation with respect to Marc Jacobs, according to Cuomo.
“New York City is a global epicenter for fashion and cultural events and we will not allow corruption and greed to tarnish one of our most lucrative industries,” Cuomo said in revealing the settlement. “Places like the 69th Regiment Armory are a key part of ensuring that cultural enterprises across the state continue to thrive.”
Jackson, 57, has pled guilty to larceny and bribery in the second degree for demanding cash from armory exhibitors over an eight-year period, according to Cuomo.
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