The Fabulous NY Shoe store is finally in El Salvador! The Shoes are amazing, beautiful & Hot. The store opened it´s doors last night in "La Gran Via" and it´s already a success!
Steve Madden (born 1958) is the founder and former CEO of Steve Madden Ltd.,
Madden's financial affairs were closely entangled with Long Island 'pump and dump' brokerage cofounded by Madden's childhood friend Danny Porush. In 2001, the SEC filed charges against Madden in Federal Court in New York state, alleging SEC violations. Because the violations weren't criminal in nature, the SEC was seeking to recover $1,637,000 in a combination of illegally avoided losses, interest, and a civil penalty. In 2002, Madden was convicted of stock manipulation, money, and securities fraud. He was sentenced to 41 months in prison, and was made to resign as CEO from Steve Madden Ltd and from the board of directors.
Shortly after resigning as CEO, Madden set himself up as a creative consultant with Steve Madden Ltd., a position for which he drew $700,000 even when he was in prison.
Madden served in a federal prison and was released from prison in April 2005. He then attended a New York City halfway house. Madden's attorney said that Madden would stay at the house for 60 days. After his release from a halfway house, he was restricted to home confinement for a period.
He is currently married to Wendy Ballew, his former director of operations. The couple have two kids.
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