Corruption Charge Dismissed Against Ex-Tyco Execs

[salin]

Corruption Charge Dismissed Against Ex-Tyco Execs

March 5 — NEW YORK (Reuters) - A judge threw out an enterprise corruption charge against two former Tyco International Ltd. executives on Friday, removing one of the most serious claims in a 33-count indictment that accuses them of looting the conglomerate of $600 million.

Jurors begin deliberations next week on the remaining charges against the former executives. The men are accused of grand larceny, conspiracy, securities fraud and falsifying business records.

Manhattan Supreme Court Judge Michael Obus dismissed a single count of enterprise corruption, which carries up to 25 years in prison, against former Tyco Chairman Dennis Kozlowski and Mark Swartz, the company's former chief financial officer.

more: http://abcnews.go.com/wire/US/reuters20040305_294.html

[SlavesandBulldozers]

1. aahahahha

oh my god. It's true, the rich get richer and the poor and get prison.

[havocmom]

2. We need to make sure this story gets lots of play

while folks are doing their 1040s and finding out they have to pay for those paltry checks they got last summer. The thought of CEOs walking free from serious criminal charges and benefiting from tax cuts while they are scrimping to pay taxes they didn't expect will make an impression on a few fence sitters.