By Adrianne Appel2022-11-29T20:11:00
The former chief executive officer of Iconix Brand Group faces possible jail time after his conviction Monday of fraudulently inflating the brand management company’s revenue and misleading investors and auditors.
Neil Cole, who left Iconix in 2015, was convicted by a federal jury of one count of securities fraud, six counts of making false filings with the Securities and Exchange Commission (SEC), and one count of improperly influencing the conduct of audits. Each count carries a maximum prison term of 20 years, the Department of Justice (DOJ) said in a press release.
Cole’s guilty verdict was rendered following a retrial. The DOJ first announced criminal charges against him in December 2019, at the same time the SEC charged Iconix; Cole; and two other executives, Chief Operating Officer Seth Horowitz and Chief Financial Officer Warren Clamen, with accounting fraud.
2023-04-03T19:21:00Z By Aaron Nicodemus
Three executives at the U.S. subsidiary of Australian defense contractor Austal Limited were charged with accounting fraud for allegedly participating in a three-year scheme to lower cost estimates and prematurely book revenue.
2019-12-06T17:02:00Z By Jaclyn Jaeger
Iconix Brand Group and three of its former top executives were charged by the SEC for engaging in accounting fraud. Iconix and two of the executives agreed to settle, with litigation still pending against the company’s former CEO.
2025-10-09T19:14:00Z By Neil Hodge
Whistleblowing hotlines are rightly championed as valuable tools for employees and even third parties to raise concerns about corporate conduct. But it seems some complaints may be acted upon more keenly than others, particularly if blame can be pinned to one individual and any potential fallout can be ring-fenced.
2025-10-08T18:28:00Z By Adrianne Appel
Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.
2025-10-07T16:08:00Z By Adrianne Appel
Georgia Tech Research Corp. (GTRC) has agreed to pay $875,000 to settle allegations first raised by two compliance officers that its cybersecurity protocols violated acceptable standards for defense contractors, the Department of Justice (DOJ) said.
2025-10-06T17:12:00Z By Adrianne Appel
Tractor Supply Company has agreed to get into compliance with California’s consumer privacy law and to pay a $1.35 million fine—the largest yet by California—to settle allegations it violated the privacy rights of customers and job applicants.
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