Marvin Jemal, the former chief executive officer of a New York-based luggage manufacturer, was arrested and charged Thursday for a fraudulent scheme to obtain millions of dollars in loans by making false statements and providing false and fraudulent documents to a commercial bank based in New York.
After being arrested at John F. Kennedy International Airport, Jemal appeared in Manhattan federal court and was charged with one count of conspiracy to commit bank fraud, one count of bank fraud, one count of making a false statement to influence bank action and one count of money laundering. The Brooklyn resident was released on a $100,000 personal recognizance bond co-signed by a financially responsible person, with any travel restricted to the U.S. Jemal also surrendered his travel documents.
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)