Martin Bodner, former CFO of Tommy Hilfiger Handbags and Small Leather Goods Inc. (a licensee of Tommy Hilfinger Corp.), has admitted stealing more than $19 million from the company between 2000 and 2007. He pleaded guilty on Tuesday in US District Court in Manhattan to a two-count information charging him with mail fraud and wire fraud. He allegedly accomplished the theft largely by using his authority to secretly increase his salary and bonuses and arranging to be reimbursed for phony expenses. Bodner is scheduled to be sentenced on November 5 by US District Judge P. Kevin Castel. The plea agreement calls for a sentence of 63 to 78 months in prison (NYT, CFO).
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