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December 5, 2019

Posted  December 5, 2019

Brand management company Iconix Brand Group Inc. and former top executives have agreed to settle SEC fraud charges by agreeing to pay at least $5.5 million.  The complaint against Iconix, former CEO Neil Cole, former COO Seth Horowitz, and former CFO Warren Clamen alleged that the executives profited off a fraudulent scheme that created fictitious revenue and concealed the company’s lackluster earnings, while Iconix failed to recognize false revenue and made false statements to the SEC.  Horowitz and Clamen have agreed to settle, while the charges against Cole remain pending.  SEC

Tagged in: Accounting Fraud, Financial and Investment Fraud,

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