Most Recent Articles In Fashion Scoops
Latest Fashion Scoops Articles
- Demeulemeester Wraps Tour in Seoul
- W New York Taps Liberatum for Short Film on 'Transformation'
- Sean 'Diddy' Combs Gearing Up for Next Scent Launch
More Articles By
FINAZZO TRIAL DATE SET: Christopher Finazzo, Aéropostale’s former chief merchandising officer, has a date set with a Brooklyn federal court for Nov. 12. Finazzo and Douglas Dey, the owner of South Bay Apparel, a former supplier of Aéropostale, were both indicted in June 2010 in connection with charges involving a multimillion-dollar kickback scheme.
According to the indictment, Finazzo incorporated a firm called C&D Retail Consultants Inc. The indictment said Finazzo “caused Aéropostale to pay South Bay more than $350 million as payment for its merchandise” between August 1996 and November 2006, and that, over the same period, Dey paid Finazzo, through bank transfers to C & D, more than $14 million.
Dey on Thursday pleaded guilty to a conspiracy charge to violate the Travel Act, which carries a penalty of five years imprisonment and the forfeiture or $7.5 million. He remains out on a $2.5 million secured bond. A sentencing date has not been set. The federal Travel Act essentially bars traveling between states or countries or the use of U.S. mail or “any facility in interstate or foreign commerce” to further certain types of criminal activity.