Fashion mogul Peter Nygård has been found guilty of contempt of court in the Bahamas Tuesday and ordered to pay a $50,000 fine or be jailed for 30 days, according to news reports.
Nygård was found guilty for disobeying a court order pending a hearing involving himself and his billionaire neighbour Louis Bacon.
The original court order is attached to this story.
Nygård’s legal dispute with Bacon includes allegations Bacon colluded with others to damage Nygård’s reputation and to remove him from his Lyford Cay property and get his permanent Bahamian residency revoked.
Nygard also claims Bacon conspired with the CBC to supply false stories about Nygard.