Dec 5, 2019
Iconix Brands Ex-CEO Neil Cole Charged by U.S. in Accounting Fraud
Bloomberg News
,(Bloomberg) -- The founder of Iconix Brand Group was charged by federal prosecutors in an alleged accounting fraud at the company, which licenses clothing brands including Joe Boxer, London Fog, Starter, Zoo York and Umbro.
Neil Cole, the founder and former chief executive officer, and Seth Horowitz, the ex-chief operating officer, are accused in Manhattan federal court, according to charges unsealed Thursday.
Trading in Iconix was halted Thursday.
Cole stepped down as chairman and CEO of New York-based Iconix in August 2015.
Read More: Jay-Z Settles Years of Fighting With Iconix Over Roc Nation Line
Read More: Iconix Shares Tumble After Longtime CEO Cole Leaves Company
To contact the reporter on this story: Bob Van Voris in federal court in Manhattan at rvanvoris@bloomberg.net
To contact the editor responsible for this story: David Glovin at dglovin@bloomberg.net
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