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>> INSIDER WIREValentino may have relieved himself of the accelerating fashion schedule, but another equally vexing burden might have taken its place.  Although a Valentino spokesperson wouldn't confirm — they don't comment on the designer's personal affairs — it appears that Valentino may be a victim of the Bernie Madoff scandal.  Sources "from the fashion world" say that he was defrauded of "a significant amount of cash." [Evening Standard]  

UPDATE: A spokeswoman for Valentino responded, denying any connections between the designer, his business partner Giancarlo Giammetti, and Madoff. [WWD]
*image: source

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