Ford Fashions chairman accused of plunging firm into debt with ‘reckless’ spending

Josee Neron, a former VP of Operations, says Chairman Gerald Banks spent cash in a “frivolous and reckless method for years” — utilizing firm funds to pay for exorbitant government salaries, redecorate the workplace with costly furnishings and attend a shopper’s European wedding ceremony, in accordance with the affidavit filed in Manhattan Supreme Courtroom final month.