Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Buckey who wrote (75528)	4/4/2002 5:22:16 PM
From: 2MAR$	Read Replies (1) of 122087

DJ Steve Madden/Prison -2: Ordered To Pay $3.1M Restitution By Colleen DeBaise Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Steve Madden, the footwear fashionista whose platform-style shoes have become a must-have among trendy teenagers, was sentenced Thursday to 41 months in prison for his conviction on stock fraud charges. Madden, who resigned as chief executive of Steven Madden Ltd. (SHOO) last year shortly before pleading guilty, told U.S. District Judge Kimba M. Wood in Manhattan: "I wish I could go back in time." He blamed "stupidity, arrogance and greed" for his actions. The judge also ordered Madden to pay $3.1 million in restitution and an $80,000 fine. The former CEO has acknowledged his role in helping penny-stock firms Monroe Parker Securities and Stratton Oakmont Inc. manipulate a number of initial public offerings, including that of his own company. (MORE) DOW JONES NEWS 04-04-02

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