Garden City Man Sentenced to 8 Years for $25M Aéropostale Scam

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A Garden City man who is the ex-chief marketing officer of clothing retailer Aéropostale was sentenced Wednesday to eight years in federal prison for his role in a decade-long, $25-million bribery scheme.Christopher Finazzo, who was also the executive vice president of the company, was convicted last year at Brooklyn federal court of 16 counts of fraud and bribery.Prosecutors said the 57-year-old man directed more than $350 million in t-shirt and fleece business to South Bay Apparel Inc., a company owned by Hollywood movie producer Douglas Dey, in exchange for more than $25 million in kickbacks.“Finazzo lied on numerous disclosure forms and caused Aéropostale to make false filings with the Securities and Exchange Commission,” said Loretta Lynch, U.S. Attorney for the Eastern District of New York. “These lies and false representations compromised the financial well-being of a publicly-traded retail company.”Dey had pleaded guilty in September 2012 to conspiracy to violate the Travel Act through commercial bribery for his role in the scheme and was sentenced earlier this month to 3 ½ years in prison.Finazzo and Dey hatched the scheme after Finazzo was hired by Aéropostale in 1996, authorities said. Over the following decade, Finazzo had Aéropostale buy more than $350 million in t-shirt and fleece merchandise from South Bay, often for significantly higher prices and lower quality than was available from other suppliers.Finazzo ignored his boss’ direction to use other t-shirt suppliers and threatened employees who made similar suggestions.The kickbacks were paid through C&D Retail Consultants, a shell company set up by Finazzo, and through companies jointly-owned by the two schemers.Judge Roslynn Mauskopf also sentenced Finazzo to 3 years supervised release, ordered him to forfeit more than $25 million to the government, and pay $13,690,822.94 in restitution to Aéropostale.last_img read more

San Diego looks to end streak vs Pacific

first_img February 28, 2020 San Diego looks to end streak vs Pacific BIG MEN ON CAMPUS: This game represents a California homecoming for Tigers junior Justin Moore, who’s putting up 7.9 points this season. Jahlil Tripp has also led the way for the visitors by averaging 15.6 points and 8.6 rebounds per game. On the other bench, Braun Hartfield has averaged 14.2 points and 5.5 rebounds while Joey Calcaterra has put up 11.5 points.BRILLIANT BRAUN: Hartfield has connected on 33.8 percent of the 145 3-pointers he’s attempted and has made 10 of 29 over his last five games. He’s also converted 64.7 percent of his foul shots this season.ACCOUNTING FOR ASSISTS: The Toreros have recently used assists to create buckets more often than the Tigers. San Diego has an assist on 33 of 80 field goals (41.3 percent) over its previous three contests while Pacific has assists on 32 of 79 field goals (40.5 percent) during its past three games.DID YOU KNOW: Pacific is rated second among WCC teams with an offensive rebound percentage of 33.3 percent. The Tigers have averaged 10.8 offensive boards per game.___For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25 Share This StoryFacebookTwitteremailPrintLinkedinRedditPacific (22-9, 10-5) vs. San Diego (9-21, 2-13)Jenny Craig Pavilion, San Diego; Saturday, 10 p.m. ESTBOTTOM LINE: Pacific looks to extend San Diego’s conference losing streak to five games. San Diego’s last WCC win came against the Portland Pilots 88-81 on Feb. 8. Pacific beat Loyola Marymount by seven in its last outing.center_img Associated Press ___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.comlast_img read more