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Leo Dennis Kozlowski [1] (born November 16, 1946) is a former CEO of Tyco International, convicted in 2005 of crimes related to his receipt of $81 million in unauthorized bonuses, the purchase of art for $14.725 million and the payment by Tyco of a $20 million investment banking fee to Frank Walsh, a former Tyco director.
On November 27, 2002, the State of New Jersey took action in the scandal, filing a federal suit against Tyco and former personnel, with charges in part of violating the New Jersey Racketeer Influenced and Corrupt Organizations Act (RICO) statute, stemming from the Kozlowski scandal. As a result of the scandal, Tyco and some former directors and ...
Dennis Kozlowski is at the heart of one of the biggest corporate scandals of the early 2000s. Kozlowski was the CEO of Tyco International, a security system company, from 1992 to 2002 and lived a ...
"Party's Over - Tyco's Kozlowski" March 19, 2008 ( 2008-03-19 ) Once described as "The Most Aggressive CEO in America," Tyco 's one-time CEO Dennis Kozlowski stole millions from the company for a lavish party, a gilded shower curtain, and fine art, before being incarcerated for white-collar theft.
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Other figures in the growing pantheon of white-collar criminals -- names like Dennis Kozlowski (Tyco), Jeffrey Skilling (Enron, pictured) and Bernard Ebbers (WorldCom) -- most likely didn't decide ...
Tyco international scandal [ edit ] In 2002, former chairman and chief executive Dennis Kozlowski and former chief financial officer Mark H. Swartz were accused of the theft of more than US$150 million from the company.
On June 17, 2005, after a retrial, Kozlowski and Swartz were convicted on all but one of the more than 30 counts against them. The verdicts carry potential jail terms of up to 25 years in state prison. Kozlowski himself was sentenced to no less than eight years and four months and no more than 25 years in prison. Swartz received the same sentence.