Neil Cole

Neil Cole, the former Chief Executive Officer of Iconix Brand Group, Inc. (“Iconix”), was sentenced October 10, 2023 in Manhattan federal court to 18 months in prison for participating in a scheme to fraudulently inflate Iconix’s revenue and earnings per share, making false filings with the U.S. Securities and Exchange Commission (“SEC”), and misleading the conduct of audits. In November 2022, a jury found COLE guilty following a four-week retrial. Iconix, whose shares traded on the NASDAQ, was in the business of acquiring various brands, including clothing and fashion brands, and then licensing those brands to retailers, wholesalers, and suppliers who, in turn, produced and sold clothing and other products bearing the brand names. In addition to his prison term, COLE, 66, of New York, New York, was sentenced to three years of supervised release and ordered to pay forfeiture in the amount of $790,200.