Marc Jacobs International paid a $1 million fine to resolve allegations that the company bribed an employee at the 69th Regent Armory. Jacobs holds his fashion shows in the space on 26th and Lexington, and his company allegedly paid former superintendent James Jackson over $35,000 in cash and goods, according to Attorney General Andrew Cuomo, who announced the settlement today. Marc Jacobs International is now done with the investigation. Cuomo reported Jackson has pleaded guilty to larceny and bribery in the second degree for demanding the bribes.
Marc Jacobs Pays $1M Fine [WWD]
Related: Breaking: Marc Jacobs May Have Paid Dearly to Show in the Armory