Does anyone remember when and why the shoe stylist STEVE MADDEN went to jail a couple of years ago?

Question

I remember hearing this story years ago but haven't gotten an update about it. Is he still serving time?

Answer 1

He's been sprung...and his company had an ad campaign around it.

"In April 2002, Mr. Madden found that neither his investors nor federal judges take too kindly to stock manipulation and securities fraud. Steve Madden's talents as a shoe designer helped him build a 240 million dollar empire in his own name. But by his own admission, that wasn't enough -- he was greedy for more.

His greed cost him about eight million dollars and control of the very company that brought him such riches. Madden was sentenced in 2002 to 41 months in prison for his role in a stock swindle scheme coordinated by the now-closed brokerage, Stratton Oakmont. His wrongdoings include conspiring to manipulate the stock prices of more than 20 companies, including his own. And, he did it at the expense not only of the public but his own investors who lost more than 100 million.....


.....The company has also launched a rather interesting press campaign celebrating Steve Madden's upcoming release from prison. One features a girl wearing an ankle bracelet and another features an empty pair of shoes with the words, "There's one pair of shoes that's been impossible to fill. Steve returns Spring 2005." Others allude to Madden getting "sprung" in Spring 2005. Financial Dynamics, the shoe retailer's investor relations agency, says the campaign is a positive way of dealing with the prison sentence. It makes light of the company's troubles, sending a message that the board is over it and customers should feel the same way. It's also a sure fire way to get people talking about the brand. When it comes to sales, the only bad publicity is no publicity.

A statement from that agency, Financial Dynamic, reads: "Steven Madden Ltd. looks forward to the much anticipated return of the unique talent and creative design expertise of Steve Madden in the spring of 2005. Further, the company believes the current advertising campaign embodies and enhances the Steve Madden brand."

If the rise in Martha Stewart stock is any indication, getting out of prison seems to be "in." The publicity generated by Madden's return could translate into increased exposure and, in turn, increase sales in the future. Plus, having him back at the head of the creative team will bring his company something it hasn't had in a while… his ability to give the millions of women who buy his shoes what they want.
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Answer 2

I supply them a 9 for high quality. i imagine in case you want to purchase steve madden footwear you need to purchase boots, in case you stay in a chilly position that's. it truly is properly truly worth the money reason you receives a impressive form of use from it. while leopard print apartments you received't. you'll come across some leopard print apartments at objective for 20. yet in case you comprehend you'll placed on them plenty then opt for it reason they'll very last.

Answer 3

He probably is I really have no idea sorry. peace

Answer 4

I don't remember..