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Read More »Tyco to Pay SEC $50M to Settle Fraud Charges
TRENTON, N.J. – Tyco International Ltd. (TYC) said Monday it has agreed to pay the Securities and Exchange Commission $50 million to settle charges related to allegations of accounting fraud by the high-tech conglomerate’s prior management. The regulatory agency had accused Tyco of inflating operating earnings, undervaluing acquired assets, overvaluing …
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