News Flash! Marc Jacobs Pays $1 Million Fine

November 19, 2008 • Fashion

I had totally forgotten about this mess, but according to WWD, Marc Jacobs has agreed to pay a $1 million fine to New York State for bribing the former superintendent of the
69th Regiment Armory, James Jackson, for use of the armory’s drill hall
to host his fashion shows.

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. Guess bribery is considered a no-no.

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.

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.

Source: WWD

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