MANHATTAN (CN) – Tommy Hilfiger’s former CFO Martin Bodner pleaded guilty Monday to stealing more than $19 million from the company. Bodner, 60, admitted stealing the money by arranging hundreds of checks to be written to himself for phony expenses, secret bonuses and pay raises, and paying $225,000 to his son, a ghost employee who never worked for the company.
Bodner faces up to 40 years in prison at his Nov. 5 sentencing for federal charges of mail fraud and wire fraud. He agreed to forfeit his Sands Point, N.Y., house, a Manhattan apartment, three cars and other property, the U.S. Attorney’s Office said.
Bodner worked for Tommy Hilfiger Handbags and Small Leather Goods from 2000 until December 2007.