Later this month, the longtime president of Nylon magazine, Don Hellinger, and its current chief financial officer, Jami Pearlman, will report to court for trial readiness. In February, US Attorneys charged them with money laundering and operating an illegal gambling business. They seek $44 million in forfeiture.
Judging from its pages, downtown New York is central to Nylon’s DNA. Its name was an amalgam of New York and London, and the magazine has operated out of a Greene Street loft since it launched in 1999. A September issue spread was shot at the city’s latest hipster enclave, Rockaway Beach. But the trial will take place in Philadelphia, Pa., where the crew of suits who cut its waifish writers’ checks have been devising scams and having run-ins with the Federal Trade Commission since before most Nylon readers were even born. Read More