Aeropostale executive convicted over kickback conspiracy with vendor

Christopher Finazzo received more than $25 million from his conspiracy with South Bay Apparel Inc.

The former chief merchandising officer at Aeropostale Inc., hallowed clothing retailer for middle school girls, was convicted on Thursday for fraud and conspiracy. Christopher Finazzo took more than $25 million in kickbacks from South Bay Apparel Inc., one of Aeropostale’s major clothing suppliers.

Finazzo was in cahoots with Douglas Dey, South Bay’s owner. Under the agreement, Finazzo purchased more than $350 million worth of T-shirts and fleeces from South Bay for Aeropostale, and in return he received about 50 percent of South Bay’s profits—which amounted to more than $25 million over the course of the deal.

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