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Former Tommy Hilfiger Exec Pleads Guilty

NEW YORK — The former chief financial officer of Tommy Hilfiger Handbags and Small Leather Goods Inc. has pleaded guilty to embezzling $19 million from the company from 2000 to 2007, the Justice Department said.

Martin S. Bodner, 60, entered his plea last week in U.S. District Court in Manhattan.  Bodner secretly increased his salary and bonus, was reimbursed for phony expenses and added a phantom employee — his son —  to the payroll at an annual salary of $225,000, according to the Justice Department.

He faces up to 40 years in prison.  As part of his guilty plea, he agreed to forfeit a home in Sands Point, N.Y., a Manhattan apartment, three cars and other property, the Justice Department said.


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