Busted! 'Project Runway' Model Morgan Quinn Arrested

Project Runway model and Harper's Bazaar cover girl was arrested in New York Friday.

Authorities allege she lied to cops about being robbed in the Big Apple in August.

According to the New York Daily News , Quinn claimed a homeless man held her up at knifepoint, stealing $300 in cash and a $2,000 ring from her at a neighborhood deli.

But cops say surveillance video proves it never happened.

The model's first court appearance is next week.