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Former face of designer shoe firm, 38, whose footwear has been worn by Meghan Markle is facing jail for falsely claiming £500,000 in expenses he spent on jewellery, holidays and £650 cigars

The former face of a designer shoe firm, whose footwear has been worn by Meghan Markle, is facing jail for falsely claiming £500,000 in personal expenses.

Roy Luwolt, 38, from Marylebone in central London, claimed hundreds of thousands of pounds in personal expenses from the shoe company Malone Souliers, which he co-founded with designer Mary Alice Malone. 

The fashion boss blew the money on his luxury lifestyle, buying clothes, jewellery, nightclubbing, foreign holidays, and even splashing out on £650 cigars, Southwark Crown Court heard on Wednesday.

The American fashion boss, who was the self-styled co-founder and director of Malone Souliers, was sacked in November 2018 after the fraud was discovered. 

Roy Luwolt (pictured), 38, from Marylebone in central London, falsely claimed £500,000 in personal expenses from the shoe company Malone Souliers

Roy Luwolt , 38, from Marylebone in central London, falsely claimed £500,000 in personal expenses from the shoe company Malone Souliers

Malone Souliers, which was founded in 2014, has designed luxury shoes worn by the likes of Beyonce, Gwyneth Paltrow and the Duchess of Sussex, according to its website.

The made-to-measure shoe company also boasts Hollywood customers including Gemma Arterton, Kristen Stewart and singer Solange Knowles. 

Luwolt appeared in the dock at Southwark Crown Court on Wednesday and pleaded guilty to a single count of fraud between March 24, 2015, and November 15, 2018. 

The charge states that he abused his position as managing director of World Wide Shoes LLP, which trades as Malone Souliers, 'by claiming personal expenses for which you were not entitled'. 

Four further counts of fraud, which Luwolt denied, were left to lie on file, and he was remanded in custody ahead of sentencing at Southwark Crown Court on August 20.

Prosecutor Adam Davis QC said the offence 'involves not less than £500,000 being obtained'. 

Malone Souliers, which was founded in 2014, has designed luxury shoes worn by the likes of Gwyneth Paltrow and the Duchess of Sussex (pictured), according to its website

Malone Souliers, which was founded in 2014, has designed luxury shoes worn by the likes of Gwyneth Paltrow and the Duchess of Sussex , according to its website

Judge Philip Bartle QC said: 'This is a very serious case. 

'Mr Luwolt is facing a lengthy prison sentence and I am not happy to accept this without a detailed note from the defence.'

Mary Alice Malone replaced Luwolt as the face of the shoe brand at World Wide Shoes LLP in November 2018 after he was accused of defrauding the company.

In a 2016 interview with the Sunday Times, Luwolt was described as the son of a diplomat mother, who had visited 45 countries when he was growing up, spending the majority of his formative years in New York and Michigan.

The profile said that, after graduating, he worked in wealth management, television, marketing and advertising before moving into fashion brand consultancy.

'It's the sexiest consumer-facing thing I could possibly get my hands on,' he told the paper at the time.

The American fashion boss, who was the self-styled co-founder and director of Malone Souliers (store pictured), was sacked in November 2018 after the fraud was discovered

The American fashion boss, who was the self-styled co-founder and director of Malone Souliers (store pictured), was sacked in November 2018 after the fraud was discovered

The made-to-measure shoe company also boasts Hollywood customers including Beyonce (pictured in Malone Souliers heels), Kristen Stewart and singer Solange Knowles

The made-to-measure shoe company also boasts Hollywood customers including Beyonce (pictured in Malone Souliers heels), Kristen Stewart and singer Solange Knowles

'I come from a finance background, but with a full fashion understanding. It's a different approach. It's a love of the fact that it's end to end.'

By 2018, in an interview with Thailand Tatler, Luwolt was said to be the sole artistic director or Malone Souliers, the founder of women's shirt brand Absence Of Paper, and chief executive of fashion brand Emanuel Ungaro.

He told the magazine his role at the shoe company was a 'natural development' from his previous experience as a 'venture capitalist and luxury brand strategist'.

'I think being a venture capitalist and a strategist has given me a very consumer-focused approach to business,' he said.      

Luwolt became global CEO of Italian brand Emanuel Ungaro in 2017, and previously worked with ABC Television and advertising agency Young & Rubicam before entering the fashion world. 

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