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What was the accusation against the CEO of Tyco?

A. Embezzlement
B. Insider Trading
C. Tax Evasion
D. Money Laundering

1 Answer

2 votes

Final answer:

The accusation against the CEO of Tyco was embezzlement. Dennis Kozlowski was convicted of stealing from the company, which is a form of corporate crime. Embezzlement can have serious consequences for both the individual and the corporation involved.

Step-by-step explanation:

The accusation against the CEO of Tyco was embezzlement. Dennis Kozlowski, the former CEO, was convicted of stealing hundreds of millions of dollars from the company. Embezzlement is a form of corporate crime where individuals in positions of trust or responsibility within a corporation take funds for their own personal use. This type of crime can severely damage a company's financial standing and reputation.

Corporate crime can take many forms, including larceny, fraud, and money laundering. However, of the options provided in the question, embezzlement is the criminal act that was actually committed by Dennis Kozlowski at Tyco. In the context of criminal law and corporate wrongdoing, such crimes are serious offenses that can lead to significant jail time, fines, and loss of professional reputation for those found guilty.

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