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Tyco Scandal

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Finance

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Tyco Scandal

3 top level managers siphoned company’s money

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3

Tyco Sacandal

40 employees given hush money

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4

September. 12, 2002

Kozlowski & Swart arrested for stealing

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5

Kozlowski & Swartz

Arrested for stealing 430 million from fraudulent sales

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6

Belnick

Charged with 14million in personal loans

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7

Dennis Kozlowski

CEO to pay 70 million to Tyco

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8

Mark Swartz

To pay 35 million

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9

CLO Mark belnick

To pay 50,000 and was banned for 5 years

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