The former head of Tyco, Dennis Kozlowski, and his finance chief, Mark Swartz, were sentenced to eight-and-a-third to 25 years and order to pay $134 million in restitution. They were accused of stealing over $150 million from the company. So, where is the other $16 million plus? Who knows. A previous trial ended in mistrial. It should also be noted that Tyco is based out of Bermuda although the majority of it's business is here. So the company is still stealing from people...the US taxpayer.
Assistant District Attorney Owen Heimer told the judge that Kozlowski "should not be shown any leniency."
"He stole. He committed fraud. He committed perjury," Heimer said. "He engaged in a shocking spree of self-indulgence."
But Kozlowski asked the judge to be as "lenient as possible" and to consider "all the positive things I have done in my life." His lawyer, Stephen E. Kaufman, read from letters written on his client's behalf and said, "He's a good man. He's a decent person and his reputation has been tarnished but his life should not be destroyed."
Swartz also asked for leniency, and his lawyer, Charles A. Stillman, said he was a man of "remarkable decency."
"Tyco is not Enron," Thomas Curran, a former New York City prosecutor who is now a defense lawyer, said last week. "Tyco is a real company with a real business plan that still employs thousands of people. ... There are no retirees eating cat food because of Dennis Kozlowski."
Hitler was probably also wondering "but what about 'all the positive things I have done in my life.'" just prior to shooting himself. As far as no old people eating cat food because of Kozlowski, maybe not, but does that make massive theft OK?