A federal judge on Wednesday sentenced the former chief executive officer of Friedman’s Inc. and its Crescent Jewelers affiliate to a 12-year prison term for securities fraud, mail fraud and conspiracy.
According to the U.S. Attorney’s office, Bradley Stinn led a multiyear conspiracy that exaggerated the national jewelry chain’s financial performance and hid from investors its “serious problems” collecting on hundreds of millions of dollars in jewelry it sold on credit.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)