Former director of Alden Shoe Co. sued for $ 30 million embezzlement scheme


Alden Shoe Company shoes. Instagram: @aldenshoeco.

Richard Hajjar, the former chief financial officer of the more than 136-year-old heritage brand, which is stocked at J.Crew, has agreed to plead guilty to wire transfer fraud, illegal money transfers and filing a false tax return.

According to court documents, Hajjar wrote checks to himself and transferred money from company accounts to his personal accounts and to the account of another person – whom the lawsuit calls local Massachusetts television star and fashion influencer Bianca de la Garza. Hajjar used the money for personal and gifted indulgences such as luxury travel, private flights and diamond jewelry. He owes approximately $ 5,112,822 in taxes after failing to declare his misappropriation proceeds as income on his tax return.