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Marc Jacobs Settles for $1M in Bribery Scandal

>> In February, it was announced that Marc Jacobs was being investigated for allegedly bribing a New York state employee.  It came to light that Jacobs might have been paying and gifting the employee to secure his traditional fashion show spot, the Armory, which he had an exclusive deal with to keep other designers from showing there during Fashion Week.

Today, Attorney General Andrew Cuomo says Jacobs's company, Marc Jacobs International, has agreed to pay a $1 million settlement; Neither Jacobs nor his company will face formal charges in the scandal.  As part of the settlement, Marc has agreed to retain a private monitoring agency for two years that will review operations and report to the attorney general.

No word on whether Marc Jacobs's show producers, KCD, who were also being investigated as the intermediaries between Jacobs and the state employee, will also have to settle.
*image: source

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