Ralph Esmerian, the longtime jeweler to the stars and one-time chairman of luxury jeweler Fred Leighton, on Friday was sentenced to six years in federal prison for fraud involving over $210 million in loans and the retailer’s subsequent bankruptcy.
Upon completion of his sentence, Esmerian, 71, will face three years of supervision, during which he will be required to perform 600 hours of community service a year. His sentencing before Judge Denise Cote in Manhattan federal court also calls for the forfeiture of $20 million. His age and charitable contributions of around $20 million were cited by Cote as factors limiting his sentence.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"