By  Adrianne Appel2022-11-29T20:11:00
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.
 
                
                2025-10-30T19:59:00Z By Oscar Gonzalez
Texas Attorney General Ken Paxton sued two pharmaceutical companies for ”deceptively marketing Tylenol to pregnant mothers” despite risks linked to autism. The filing came two days before HHS Secretary Robert F. Kennedy Jr. appeared to walk back the claims.
 
                
                2025-10-29T20:04:00Z By Oscar Gonzalez
The Consumer Financial Protection Bureau shut down a registry of non-bank financial firms that broke consumer laws. The agency cites the costs being ”not justified by the speculative and unquantified benefits to consumers.”
 
                
                2025-10-28T21:11:00Z By Adrianne Appel
Senate Democrats warned OMB Director Russell Vought Tuesday that it would be illegal for the Trump administration to shut down the Consumer Financial Protection Bureau, citing a recent court decision barring actions that could severely harm the agency.
 
                
                2025-10-23T20:36:00Z By Jaclyn Jaeger
It has been nearly six months now since the Department of Justice’s (DOJ) Criminal Division released its memorandum on the selection of compliance monitors. This article provides a critical analysis of the monitorships that received early terminations, those that remain in place, and the broader compliance lessons they impart.
Site powered by Webvision Cloud
 
             
