Forbes reports Frederic Bourke was sentenced to jail on Tuesday as the United States government expands its efforts to crack down on foreign bribery. The founder of Dooney & Bourke was ordered to pay a $1 million fine, received a jail term of one year and a day and will face three years probation. Bourke faced a maximum sentence of 10 years for violating the Foreign Corrupt Practices Act. Bourke plans to appeal the conviction.
Dooney & Bourke products range from $20 to about $625. The prices are high enough to represent quality but low enough for everyday people to grab some goods for themselves. In 1983, Dooney & Bourke created their famous all weather leather bag with the notorious duck logo. In 2007, actress Hayden Panettiere designed a new bag for Dooney & Bourke.
Considering the popularity of Dooney & Bourke bag, I doubt the recent conviction of founder Frederic Bourke will have an impact on holiday sales. While I appreciate the quality of Dooney & Bourke bags, I prefer Coach and Vera Bradley myself.
Published by Stacey Doyle
Freelance writer, veteran's wife and mom with a background in finance, law, marketing and management. View profile
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