Valentino Spared
Good news for Italian fashion mogul Valentino! Although London's Evening Standard reported yesterday that the golden-hued designer had been a victim of Bernie Madoff's $50 billion Ponzi scheme, Valentino's reps have denied the account to WWD: "A spokeswoman for Valentino said Wednesday that neither the designer nor his longtime business partner Giancarlo Giammetti has any links whatsoever to Bernard Madoff." [WWD]