The brother of luxe-but-affordable fashion retailer Kenneth Cole has a problem on his hands. According to the New York Post, Neil Cole has been charged with obstruction and 1 count of felony fraud.
Cole’s charges date clear back to 2013-2014 during his time at Iconix. It is being alleged that he “cooked the books” to beat investors and retailers out of money so he could pump up his income — but had no intention of ever repaying anybody in full amounts.
He is facing up to 20 years in prison if convicted.