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Politicians, the press and traders betting on a sinking share price all seized on Mr Kozlowski's seemingly monstrous abuses of corporate expenses and Tyco's executive-loan scheme as proof of a wider accounting fraud at the firm.
ECONOMIST: Tyco: Not guilty, your honour | The
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That may be heartening for Joseph Nacchio , the former chief executive of Qwest Communications (nyse: Q - news - people ), who faces 42 counts of insider trading in a Denver federal court after a four-year investigation into accounting fraud at the telecommunications firm.
FORBES: A Glimmer Of Hope
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The fraud was discovered when the accounting firm I was working for at the time discovered it during a due diligence review that we were performing on behalf of our client that was going to purchase Cenco.
FORBES: Tis' The Season For Fraud