Stuart P. Slotnick, Managing Shareholder of Buchanan Ingersoll & Rooney’s New York office, was quoted in the New York Daily News and the New York Post about a fraud complaint on behalf of Haute Hippie concerning corporate fraud, breaches of fiduciary duties, conversion and other charges.
As reported in the New York Post, staffers at the Manhattan-based fashion label Haute Hippie allegedly engaged in embezzlement and thievery, including using the company credit card for more than $300,000 of personal expenses.
“It was like they were living a fantasy lifestyle on the company’s dime,” says Stuart in the New York Post.
In the New York Daily News, Stuart says the scam was exposed last summer and that Haute Hippie’s rapid growth aided the conspirators in hiding their spending.
“They saw an opportunity and seized it,” he says.
Read the full New York Post article – “Haute Hippie fashion label CEO sues employees over 'outrageous' expenses” (New York Post, April 4, 2013)
Read the full New York Daily News article – “Haute Hippie clothing sues former employees for theft of company funds” (New York Daily News, April 3, 2013)