The 10 Biggest Corporate Frauds in the US

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No. 8 Tyco (2002)

This company, dedicated to blue-chip Swiss security systems, was caught in a scandal in 2002, when CEO Dennis Kozlowski and former CFO Mark Swartz were caught tapping money through unapproved loans and fraudulent stock sales. The two players stole $150 million and inflated company income by $500 million, and were sentenced to 8-25 years in prison. A class-action lawsuit brought against Tyco forced them to pay $2.92 billion back to investors.

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