Raymond Chu, owner of a firm that does sewing work for couture companies, pled guilty to charges that he was involved in a $480,000 tax evasion scheme earlier this month. Chu could not be reached for comment.The allegations concern a period of time between 2002 and 2005. According to court documents filed in Manhattan federal court on Jan. 17, Chu, who owns Divine Couture Corp., allegedly cashed checks written to the business by clients through check-cashing establishments instead of depositing them into a bank account. The complaint said that, as part of the scheme, Chu asked some customers to issue checks of less than $10,000 to Divine Couture. Some customers did comply with that request. The scheme gave him cash that he used to pay himself and his employees wages that were not reported to the Internal Revenue Service. The wages paid in cash did not have income tax, Social Security tax or any other amounts withheld.Chu was charged with tax evasion and willful failure to collect tax. He could face up to five years in prison, three years of supervised release, a fine of $250,000 and the prosecution costs, according to information from the IRS Criminal Investigation division. The sentencing is set for April 17 before Judge Harold Baer. Chu said he would file updated personal and business tax returns prior to sentencing.
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty
Virgil Abloh’s dad Nee and Don Crawley, cofounder of RSVP Gallery, were some of the hometown crew at the Chicago-born designer’s debut show for Louis Vuitton. (📸: @jdiderich ) #wwdmens #louisvuitton #virgilabloh
About last night: @marycharteris and @adwoaaboah hit up Hyde Park for the Serpentine Galleries’ annual summer party held in partnership with @chanelofficial. Head to WWD.com to see more photos. #wwdfashion
“This is Paris, my first show. I’m all about democracy. If some kid shows up, flew from New Jersey to just be around, let’s get him a seat.” — @virgilabloh tells WWD’s @jdiderich ahead of his first show for @louisvuitton men’s. (📸: @alfredo_piola ) #wwdmens #virgilabloh #louisvuitton
“Kate Spade was a true fashion icon who brought joy to the lives of women around the world, and inspired women to live life to the fullest. We are dedicated to carrying on her legacy,” said Anna Bakst, brand president and chief executive officer of @katespadeny. The Kate Spade Foundation announced that it will be donating $1 million to suicide prevention and mental health awareness in tribute to the recent death of Kate Spade. Read more on WWD.com. #wwdnews (📷: @chinseephoto)
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim