Final answer:
The former CEO of Tyco, Dennis Kozlowski, was accused and convicted of embezzlement, grand larceny, and securities fraud, a prime example of corporate crime involving the misuse and theft of corporate funds for personal gain.
Step-by-step explanation:
The former CEO of Tyco, Dennis Kozlowski, was accused of embezzlement. He was convicted in 2005 for crimes associated with the misuse of corporate funds, which also included grand larceny and securities fraud. Essentially, Kozlowski and another Tyco executive, Mark Swartz, took unauthorized bonuses and loans, misappropriated funds, and concealed their illegal activities from shareholders, which falls under the category of embezzlement.
This is a classic example of corporate crime, which involves illegal activities conducted by individuals within a corporation for their personal benefit at the expense of the corporation and its stakeholders.
The case of Tyco's CEO can be used to illustrate an example of corporate crime. According to section 7.3 'Crime and the Law' from the provided reference material, embezzlement is listed as an example of corporate crime. Corporate crimes are those committed by corporate officials for their personal benefit and usually involve a breach of trust.