By  on December 5, 2019

Federal prosecutors have charged Neil Cole, the founder and former chief executive officer of Iconix Brand Group Inc., with juicing the brand licensing company’s earnings numbers through transactions involving its joint venture agreements with overseas partners. 

In an indictment unsealed Thursday in Manhattan, prosecutors at the Southern District of New York detailed an alleged accounting fraud scheme in which foreign partners would overpay to own interest in joint ventures with Iconix that would hold its trademarks and earn licensing revenue. 

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