A federal judge sentenced Norman Hsu, a Democratic fund-raiser and admitted Ponzi scheme operator who used tenuous connections to the fashion world as social capital, to more than 24 years in prison Tuesday.
In May, Hsu pleaded guilty to 10 counts of mail and wire fraud for running what prosecutors called a $50 million Ponzi scheme. Later that month, a jury convicted him on four separate charges of campaign finance fraud after a six-day trial.
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)