NEW YORK— A former business titan convicted more than a decade ago in a notorious corporate fraud case that featured headline-grabbing tales of excessive spending is now board chairman of a New York City nonprofit that helps ex-prisoners re-enter society, the group announced Tuesday. Ex-Tyco International CEO L. Dennis Kozlowski, who served 6½ years behind...» Read More
A former Tyco International executive agreed to pay $450,000 to settle financial reporting and record-keeping charges connected to a fraud case in which Tyco overstated income by more than $500 million, the U.S. Securities and Exchange Commission said on Thursday.
A U.S. federal appeals court denied former Enron Chief Executive Jeffrey Skilling's request to remain free pending his appeal Tuesday and ordered him to report to prison immediately.
Siemens adjusted its net income for fiscal year 2006 because of more tax charges related to an ongoing corruption scandal.
Former Enron president Jeffrey Skilling's prison check in has been temporarily delayed by a federal appellate court, The Wall Street Journal reported.