Tyco’s Former CFO Faces Tax Charges

Tyco International Ltd.’s former chief financial officer, already charged with stealing more than $600 million from the company, now faces federal tax evasion charges.

Mark Swartz, 45, was indicted by a federal grand jury on charges of evading almost $5 million in federal income taxes, the U.S. attorney’s office in New Hampshire said.

The charges allege that Swartz failed to include on his 1999 tax return a $12.5-million bonus he received from Tyco in August 1999.

Swartz’s attorney said he would plead not guilty.