New York (Aug. 14, 2003) -- The key PricewaterhouseCoopers partner who oversaw troubled toymaker Tyco International's books has been censured by federal regulators and can no longer audit public companies.

The Securities and Exchange Commission charged in a complaint that Richard P. Scalzo, 46, a PwC partner in Boston, fraudulently violated federal securities laws and behaved improperly on the engagement. Scalzo agreed to a settlement with the SEC, without admitting or denying the charges.

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