Business and Government Intervention of Business
This week, former Tyco CFO Mark Swartz and former Tyco CEO Dennis Kozlowski, were both sentenced in the Tyco Fraud case. This past Monday, Sept. 19, Judge Obus handed down the sentences of 8 to 25 years in jail for both in a crowded New York courtroom. They also were fined $134 million returned to Tyco, Swartz $35 million; Kozlowski was fined $70 million. The total amount of fines between the two of them came to $239 million.
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