Martin S. Bodner, 60, of New York City, was sentenced to 66 months in prison for stealing more than $19 million from Tommy Hilfiger Handbags and Small Leather Goods Inc. (a licensee of Tommy Hilfiger Group, Inc.) while employed by the company in various fiduciary positions, including ultimately CFO. Bodner plead guilty in September to mail fraud and wire fraud charges for the thefts which occurred between 2000 and 2007, according to the complaint. Bodner reportedly increased the amount of his own salary and bonuses, put his son on the payroll, submitted fraudulent expense reports and issued checks directly from the company to a variety of personal accounts and credit cards. He reportedly used the funds to purchase and decorate three Manhattan apartments, luxury cars, a vacation home and other personal items.
Read the story here and here.
Read the plea agreement here.
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