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Tyco: Mini Enron, or framed for fraud? | Multi Level Mondays (2022x15)

Air date: Jan 31, 2022

Tyco is a security company that operates in security solutions and fire protection. In early 2002 they faced a massive scandal when the chairman/CEO and the CFO (Kozlowski and Swartz) were accused of stealing more than 150 million from the company. They recovered but were largely seen as a mini ‘Enron’ at the time. This was driven by individual greed as opposed to shady accounting practices.