Business

Prosecutors: Man Impersonated Businessman Dad, Tried To Buy Maxim Magazine

NEW YORK (CBSNewYork/AP) — The son of a successful businessman and media company chairman has been arrested on charges that he impersonated his father in a failed bid to buy Maxim Magazine.

Calvin Darden Jr., 39, of Staten Island, was arrested Wednesday, according to published reports.

Investigators said he fooled two lenders into providing more than $8 million in financing for the potential acquisition of Maxim magazine. They said he also tried to defraud another victim of about $20 million.

A prosecutor said Darden used false documents and “spoofed” emails in the alleged scams.

Nearly a decade ago, he pleaded guilty in a scam that cost investors millions of dollars.

Darden’s father, Calvin Darden Sr., is chairman of Darden Media and serves on the boards of Target Corp., Coca-Cola Enterprises Inc., and Cardinal Health Inc., according to Bloomberg News.

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