A New York appellate court has upheld the convictions of former Tyco International executives L. Dennis Kozlowski and Mark J. Swartz, who were charged with stealing more than $100 million from their company.
“Contrary to their arguments, the larceny convictions relating to bonuses were based on legally sufficient evidence and were not against the weight of the evidence,” Justice Joseph P. Sullivan wrote for the unanimous four-judge Appellate Division, 1st Department, panel in People v. Kozlowski, 5259/02. “The evidence amply supports the conclusion that defendants took unauthorized bonuses from Tyco in 1999 and 2000.”
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