WWD"> clock menu more-arrow no yes

Filed under:

Former Exec of Mall Staple Aéropostale Guilty on 16 Counts

Image via <a href="http://www.wwd.com/business-news/legal/christopher-finazzo-guilty-on-all-16-counts-6909903?src=rss/recentstories/20130425">WWD</a>
Image via WWD

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

Christopher Finazzo, the former chief merchandising officer at Aéropostale Inc., has been charged on "14 counts of mail fraud, one count of wire fraud, and one count of conspiracy," according to WWD.

Each count has to do with a multimillion dollar kickback scheme involving South Bay Apparel, one of the retailer's vendors, in which Finazzo and his co-conspirator, Douglas Dey, the owner of South Bay each took 25 percent of the profits South Bay received from orders from Aéropostale. Finazzo received about $25 million for his share. That's pretty heavy for our favorite tweenage mall destination for casual basics.
· Christopher Finazzo Guilty on All 16 Counts [WWD]
· The 10 Most Infamous Footwear Lawsuits in High-Heeled History [Racked]