Ex-Tyco execs sentenced to up to 25 yrs...

[Zim Hosein]

NEW YORK (Reuters) - Dennis Kozlowski, the former Tyco International Ltd. (TYC.N: Quote, Profile, Research) chief executive, and the company's former chief financial officer, Mark Swartz, who were both found guilty of stealing more than $150 million from the company, were sentenced on Monday to up to 25 years in prison.

The sentence was handed down by Judge Michael Obus, who presided over the pair's larceny and conspiracy trial in Manhattan Supreme Court.

The two former executives were also ordered to pay total restitution of $134 million and were taken from the court in handcuffs.

Ex-Tyco execs sentenced to up to 25 yrs

 

[quakefiend420]

heh...

how long you think they'll last?

 

[blackdogdeek]

are we talking FPMITA prison or minimum-security prison?

 

[Sheepathon]

White collar punishment FTW.

 

[habib89]

yah, this is white collar "martha stewart" prison.. not that it isn't a big deal.. i still woudln't want to go, but it's not fvck me in the a$$ prision.. sucks for those two..

 

[91TTZ]

"up to" 25 years doesn't tell us much.

 

[Zim Hosein]

Originally posted by: habib89
yah, this is white collar "martha stewart" prison.. not that it isn't a big deal.. i still woudln't want to go, but it's not fvck me in the a$$ prision.. sucks for those two..

Why would you say that habib89? I think they deserve 10x more, but any prison time is a start IMO!

 

[Goosemaster]

dude..tehy spent $600M of the compaines money on personal affairs...lol...

fvkign slap on the wrist

 

[DAGTA]

... and Kenneth Lay continues to go unpunished.

 

[bradruth]

Originally posted by: habib89
yah, this is white collar "martha stewart" prison.. not that it isn't a big deal.. i still woudln't want to go, but it's not fvck me in the a$$ prision.. sucks for those two..

Yeah, they don't just ram it home there. They lube it up and slide it in...like gentlemen.

 

[geno]

Good, fvcking crooks, I hope this trend doesn't stop

 

[DaWhim]

wait for the executives from enwrong to be senctence now.