USA: Candie's CEO Pays $75,000 To Settle SEC Fraud Suit
Young women's shoe and apparel firm Candie's Inc on Wednesday said its CEO had agreed to pay $75,000 to settle a US Securities and Exchange Commission lawsuit alleging he was involved in accounting fraud. The New York-based company, whose brands include Candie's and Bongo, said Neil Cole, who is also chairman and president, had settled the suit while the firm did not admit or deny guilt and did not pay a fine.
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