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Ex-Tyco CEO Kozlowski found guilty

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Dulcinea Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-18-05 04:54 AM
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Ex-Tyco CEO Kozlowski found guilty
NEW YORK (CNN/Money) - In a major victory in the government crackdown on corporate corruption, former Tyco CEO Dennis Kozlowski and ex-CFO Mark Swartz were found guilty Friday of stealing hundreds of millions of dollars from the manufacturing conglomerate.

A jury of six men and six women deliberated 11 days before finding Kozlowski and Swartz guilty on 22 of 23 counts of grand larceny and conspiracy, falsifying business records and violating general business law. They face 15 to 30 years in prison.

http://money.cnn.com/2005/06/17/news/newsmakers/tyco_trialoutcome/index.htm?cnn=yes
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ngGale Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-18-05 04:59 AM
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1. Didn't Tyco contribute enough to...
the Bush campaign? I'm reserving my cheers until I see what happens.
Still waiting on Ken Lay...
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Dulcinea Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-18-05 05:05 AM
Response to Reply #1
2. Read the whole article.
-snip-

Kozlowski and Swartz face time in state prison, which tends to be grittier, with more violent inmates, than the federal system.

-snip-
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