Kozlowski, Dennis L.
Kozlowski, Dennis
L. Finance Definition
The former chief executive of Tyco International Ltd.
Indicted on corruption and grand larceny charges in 2002 for allegedly stealing
$600 million from Tyco, Kozlowski resigned before he was indicted by the state
of New York on charges of evading $1 million in sales taxes for allegedly
having paintings that were purchased in New York shipped to Tyco offices in
Exeter, New Hampshire, before being returned to New York. He pled not guilty.
In December 2002, Tyco sued Kozlowski and former chief financial officer Mark
Swartz for allegedly making dozens of short-swing stock trades (totaling $40
million), beginning in August 2000. See also short-swing
stock trade.
