SEC Permanently Bars PricewaterhouseCoopers Partner in Tyco Case

Federal regulators on Wednesday permanently barred a PricewaterhouseCoopers partner from auditing public companies, for allegedly issuing fraudulent audits of troubled Tyco International Ltd. The SEC had alleged that Richard Scalzo, who oversaw Tyco's audits for fiscal years 1997 through 2001, "recklessly violated" the anti-fraud provisions of the securities laws and engaged in improper professional conduct.

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