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09-20-2005, 01:18 AM#1
OPSenior Member
2 Tyco officials get up to 25 years for fraud
Well it's about damn time! Crooked CEOs beware!!!
NEW YORK L.Dennis Kozlowski, the chief executive whose extravagant spending and pay packages at Tyco International became notorious examples of corporate excess, was sentenced Monday to up to 25 years in state prison for stealing from his company and deceiving shareholders.
Mark Swartz, Tyco's former chief financial officer, received the same sentence - eight and one-third to 25 years - for his role in the fraud.
Judge Michael Obus of the State Supreme Court in New York also ordered Kozlowski to pay $97 million in restitution and $70 million in fines. Swartz was ordered to pay $37 million in restitution and $35 million in fines.
http://www.iht.com/articles/2005/09/...iness/tyco.phpPsycho4Bud Reviewed by Psycho4Bud on . 2 Tyco officials get up to 25 years for fraud Well it's about damn time! Crooked CEOs beware!!! NEW YORK L.Dennis Kozlowski, the chief executive whose extravagant spending and pay packages at Tyco International became notorious examples of corporate excess, was sentenced Monday to up to 25 years in state prison for stealing from his company and deceiving shareholders. Mark Swartz, Tyco's former chief financial officer, received the same sentence - eight and one-third to 25 years - for his role in the fraud. Judge Michael Obus Rating: 5
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09-20-2005, 02:17 AM#2
Senior Member
2 Tyco officials get up to 25 years for fraud
Now if we can get Ken Lay in the joint. Damn, we agree again, the world is more complex than any of us would have imagined.
\"Rightful liberty is unobstructed action according to our will, within limits drawn by the equal rights of others. I do not add \"within the limits of the law\', because law if often but the tyrant\'s will, and always so when it violates the rights of the individual.\"-Thomas Jefferson.
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09-22-2005, 02:26 PM#3
Senior Member
2 Tyco officials get up to 25 years for fraud
i think its funny,those greedy idiots with the 36,000$$$ umbrella holders are gonna do 15 years in Addica.ouch!
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09-22-2005, 05:09 PM#4
Senior Member
2 Tyco officials get up to 25 years for fraud
wait for the appeals process...it favours the rich in america...
Originally Posted by amsterdam
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09-22-2005, 09:45 PM#5
Senior Member
2 Tyco officials get up to 25 years for fraud
It's Attica, by the way. Sorry, my mom is an English teacher.
\"Rightful liberty is unobstructed action according to our will, within limits drawn by the equal rights of others. I do not add \"within the limits of the law\', because law if often but the tyrant\'s will, and always so when it violates the rights of the individual.\"-Thomas Jefferson.
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09-23-2005, 02:24 PM#6
Senior Member
2 Tyco officials get up to 25 years for fraud
Originally Posted by andruejaysin
thought i got it wrong.
everything favors the rich and powerful,thats why they are called the powerful.
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