Steve Madden

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Steve Madden (born 1958 in Lawrence, Nassau County, New York) is the founder and former CEO of Steve Madden Ltd., a footwear company. His designs predominantly cater to young women.

Steve Madden, Ltd. was named "Company of the Year" for 2006 at the Footwear News Achievement Awards in New York City on Dec. 5, 2006. Madden said, in accepting the award, that he was going to use this award as a stepping off point for improving his company's image. Source: Steve Madden, Ltd. wins top honor Footwear News bestows shoe business with 'Company of the Year' award

[edit] SEC and Criminal Matters

In 2001, the SEC filed charges against Madden in Federal Court in New York state, alleging SEC violations. [1] 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 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. [2]

Shortly after resigning as CEO, Madden set himself up as a creative consultant with Steve Madden Ltd., a position for which he draws $700,000 even while in prison.[3]