05/13/2010 03:26 pm ET Updated May 25, 2011

Gen Art Won't Return Payments From Indie Designers

The hits just keep on coming in the wake of last week's announcement that art and fashion incubator Gen Art was closing.

The latest Gen Art scandal is that the company apparently took and will not return payments from young indie designers who bought booth space for now-canceled shopping events originally scheduled for this Thursday in Chicago and next Thursday in New York.