Steve Madden, Shoe Designer, Is Sentenced for Stock Fraud

Under a plea deal, the sentence, imposed by Judge John Gleeson of United States District Court in Brooklyn, will run concurrently with a 41-month term Mr. Madden received last month in a related stock fraud case brought by federal prosecutors in Manhattan.

Mr. Madden, 45, pleaded guilty last year to two counts of securities fraud and money laundering in the Manhattan and Brooklyn cases.

He was arrested in 2000 as a result of an investigation of a scheme to manipulate 23 initial public stock offerings underwritten by the companies Stratton Oakmont and Monroe Parker Securities, both now defunct. It included the initial public stock offering of his own company in 1993.