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Madden regrets his dishonest shortcuts but does not regret his prison sentence

Steve Madden · Steve Madden: Steve Madden · Jul 16, 2018 · at 31:37

Shoe designer Steve Madden discusses his 31-month federal prison sentence following his conviction for securities fraud and stock manipulation with Stratton Oakmont.

0:00 / 0:13exact quote · 13.6s
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“I regret some of my choices you know, shortcuts that I took, or, you know, thinking that money was the most important thing. I regret decisions like that. But I don't regret a day in prison. It was an amazing experience.”

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More from Steve Madden

Assertion Not checkable as stated
Madden: Stratton Oakmont ran pump-and-dumps; Steve Madden was only real company
“Well, they were totally manipulated. The stocks, they went up, and it, you know, it was a pump, it was a classic pump and dump. And only Steve Madden was a real company.”
Steve Madden Dec 23, 2019 ▶ 23:11 Steve Madden: Steve Madden (2018)
Assertion Supported
Madden: Steve Madden IPO was manipulated in Stratton Oakmont pump-and-dump
“Well, they were totally manipulated. The stocks, they went up, and it, you know, it was a pump, it was a classic pump and dump. And only Steve Madden was a real company.”
Steve Madden Jul 16, 2018 ▶ 23:02 Steve Madden: Steve Madden
Disclosure
Madden details illegal stock flipping arrangements with Stratton Oakmont
“And I told myself that it was a gray area, you know, the trading in these stocks and the flipping, they would sell me the stocks and I would sell them back to them.”
Steve Madden Jul 16, 2018 ▶ 24:31 Steve Madden: Steve Madden
Disclosure
Madden admits he knew his Stratton Oakmont trades were illegal
“But I knew in my heart that it was illegal and it was wrong.”
Steve Madden Jul 16, 2018 ▶ 24:52 Steve Madden: Steve Madden
Assertion Not checkable as stated
Madden: His portrayal in 'The Wolf of Wall Street' was highly accurate.
“With me talking in front of the, it was very accurate.”
Steve Madden Dec 23, 2019 ▶ 22:04 Steve Madden: Steve Madden (2018)
Disclosure
Madden admits flipping IPO stocks back to Stratton Oakmont.
“And I told myself that it was a gray area, you know, the trading in these stocks and the flipping, they would sell me the stocks and I would sell them back to them.”
Steve Madden Dec 23, 2019 ▶ 24:40 Steve Madden: Steve Madden (2018)
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