did steve madden go to prison
In 2002, Madden was convicted of stock manipulation, money, and securities fraud. He was sentenced to 31 months in prison, and was made to resign as CEO from Steven Madden, Ltd. and from the board of directors.
His company, Steve Madden Ltd., was one of the fashion industry's most surprising success stories of the 1990s, with his au courant boots, heels, and clogs dominating the women's mid-price market. In 2002, however, Madden was convicted on charges of securities fraud and money laundering, and entered federal prison.