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The two former top executives of Tyco International were each sentenced Monday to prison terms of 8 1/3 to 25 years on charges they stole more than $150 million in unauthorized loans and bonuses from the company. A Manhattan Supreme Court justice also ordered Dennis Kozlowski, Tyco's former chief executive officer, to pay $97 million in restitution to Tyco and $70 million in fines. Mark H. Swartz, the former chief financial officer, was ordered to pay $37 million in restitution and $35 million in fines.
September 20, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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