It seems Marc Jacobs got more than he bargained for yesterday when he was fined $1million for bribing an official in an effort to land a dream location for his New York fashion shows. Jacobs was found to have made a series of payments from 2000 to 2007, through an agent, to James Jackson (some guy with the power to choose fashion show locations I’m assuming) in exchange for the use of the armory’s drill hall.
Jackson has pleaded guilty to grand larceny, admitting he pocketed $35,000 in cash and goods from Jacobs. He will be sentenced in December, and faces a maximum of 15 years in prison. As part of Jacobs’ sentence, a private monitoring agency will review all his operations for the next two years. A spokesperson for Jacobs says, “We are pleased that this matter has been resolved.’