Ford Models chairman accused of plunging company into debt with ‘reckless’ spending
(New York Post Fashion)

Josee Neron, a former VP of Operations, says Chairman Gerald Banks spent money in a `frivolous and reckless manner for years` - using company funds to pay for exorbitant executive salaries, redecorate the office with expensive furniture and attend a client's European wedding, according to the affidavit filed in Manhattan Supreme Court last month.