Bill Rancic Defends His Wife Giuliana After Fashion Police Controversy: 'I Tried to Get Them to Release the Footage' 41 years, 2,187 covers and 55,435 stories from PEOPLE magazine's history for you to enjoy
- 5 Things to Never Say to a Bachelor(ette) Fan
- Read the Cover Story: Inside Blake & Miranda's Shocking Split
- See Liam and Luke Hemsworth Supporting Brother Chris at Vacation Premiere – and Try Not to Drool
- Ashlee Simpson and Evan Ross' Wedding Photos Revealed!
- Tom Cruise's Mother's Reaction to His Daredevil Stunts? 'Oh, Lordy, Tom!'
On Newsstands Now
- Matthew McConaughey: In His Own Words
- Jessa Duggar's Wedding Album
- Brittany Maynard's Final Days
Pick up your copy on newsstands
Click here for instant access to the Digital Magazine
People Top 5
LAST UPDATE: Tuesday February 10, 2015 01:10PM EST
PEOPLE Top 5 are the most-viewed stories on the site over the past three days, updated every 60 minutes
- July 10, 2000
- Vol. 54
- No. 2
King of Clogs Steve Madden Faces Stock Fraud Charges That Could Land Him in Prison
The charges could also send him to prison for more than 25 years, a stunning turn of events for the man whose funky, affordable footwear made fans out of Sarah Michelle Gellar and MTV's Ananda Lewis. A onetime shoe salesman from Cedarhurst, N.Y., Madden, 43, peddled his early designs out of the back of his Ford. Less than a decade later, he has 58 boutiques and more than 800 department store shops, good for $163 million in sales last year. The boyish bachelor mogul, who overcame drug and alcohol addictions in the '80s, must now battle accusations that he conspired with two brokerage firms to manipulate the stock prices of his own and other companies, pocketing several million dollars along the way. "He's getting ready for war," says attorney Joel Winograd of his client, who has pleaded not guilty and is free on $1,500,000 bail. "Steve is strong and focused, and he'll be okay."
For the time being, Madden will continue as his company's hands-on CEO. "Our business is so ephemeral," he told PEOPLE in 1998. "I've been so lucky." But now that luck seems certain to change. "It's been a long time since anybody in the fashion business has had a big problem like this," says New York Times fashion writer Frank DeCaro. "Calvin Klein could take a year off and it would be business as usual, but who knows what will happen here."
Treat Yourself! 4 Preview Issues
The most buzzed about stars this minute!