Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to Accounting Today, the founder of apparel licenser Iconix Brand Group, which last month settled a high-profile dispute with the rapper Jay-Z, was charged by federal prosecutors with inflating the company’s revenue and earnings.


  1. Who was named in the indictment? What are their roles in the investigation?
  2. How much was the civil settlement that Iconix paid to resolve 2013 to 2015 allegations that financial data were manipulated and transactions were not properly accounted for?
  3. This is the third suit for alleged fraud brought by Manhattan U.S. Attorney Geoffrey Berman in the last 4 months. What were the other two?
  4. What was Jay-Z’s role in the SEC investigation? What was Jay-Z’s settlement with Iconix and what was it for?


Accounting Today staff. (2019) Ex-Iconix CEO charged in accounting fraud. Accounting Today, Dec. 5 (Retrievable online at