A federal judge on Friday sentenced a former top executive at Tommy Hilfiger’s handbag licensee to more than five years in prison for defrauding the firm of more than $19 million.
Martin Bodner, who was chief financial officer at Tommy Hilfiger Handbags and Small Leather Goods Inc., pled guilty in September to using his position to secretly increase his compensation, submit fake expenses and put one of his sons on the payroll for a no-show job.
According to the U.S. Attorney’s office for Manhattan, Judge P. Kevin Castel sentenced Bodner to 66 months in prison on mail fraud and wire fraud charges.
U.S. Attorney Michael Garcia included a chart in a sentencing memorandum that showed the scale to which Bodner’s theft harmed the firm. In 2007, for example, Bodner took $4.5 million while the company recorded a $2.8 million loss.
Bodner, 60, used the money to purchase three New York apartments, a home on Long Island and several luxury cars, including two Jaguars and two Audis.
Castel sentenced Bodner to an additional three years of supervised release following his prison term, and ordered him to pay a $12,500 fine as well as $17.3 million in restitution. He has already forfeited the home on Long Island, an apartment and several cars.
Bodner began working for the company in March 2000 and started siphoning off funds after he was named cfo the following year. He was arrested in December 2007 following an FBI investigation.
Assouline is paying homage to the late Azzedine Alaïa with a reprint of "Alaïa Livre de Collection.” The book is comprised of photographs of the designer's summer 1992 runway show with models Christy Turlington Burns, Naomi Campbell and Tyra Banks, pictured here at right. #wwdfashion #alaia #tyrabanks
Fall 2018 accessories take on a painterly hue, with Nebulas Blue among Pantone’s top 10 colors of the season. (📸: @jonghyupstudio ; editor: @twallz21 ; stylist and set designer: @haideefindlaylevin ) #wwdaccessories
@americanapparelusa is relaunching the brand outside of the U.S. today, opening its online store to more than 200 countries. The company is also contemplating a return to brick-and-mortar, though details have not been confirmed. In tandem with the expanded distribution is a recasting of a social media ad campagn, called “Back to Basics,” pictured here, with a focus on diversity and a cast of models above the age of 21. Read more on WWD.com #wwdnews #wwdfashion
Exclusive: @britneyspears is continuing to expand her brand. The pop icon, who appears in @kenzo ’s latest campaign, is partnering with Epic Rights to launch a line of branded merchandise. Read @hernameislex ‘s story, link in bio. #wwdnews #britneyspears
The Duchess of Cambridge channeled Princess Diana’s look upon giving birth to Prince Harry, when she and the Duke of Cambridge departed the hospital with the new baby Prince this afternoon in London. #wwdeye #princeofcambridge
The new Prince of Cambridge has arrived! The Duke and Duchess of Cambridge posed with the 8-pound newborn. She wore a look from one of her go-to designers, @jennypackham. Tap link in bio for more. #wwdeye #princeofcambridge
Jewelry label @alisonlou has made a name for itself with fine jewelry that speaks to the Millennial market. Now @twallz21 reports that the label is bringing those playful ideas to a new affordable line of lucite hoops with the launch of Loucite by Alison Lou. Here’s a look from the line modeled by @emrata. #wwdaccessories
@sarahjessicaparker and @gilt are teaming up on a bridal ready-to-wear line. Tomorrow, Parker will launch SJP by Sarah Jessica Parker Bridal — and as part of the launch, Gilt will offer 15 exclusive styles from the SJP by Sarah Jessica Parker footwear collection that were designed to complement the new line. Made out of 10 styles, the line is designed for a variety of occasions, from bridal showers to receptions. Get more details on WWD.com #wwdfashion