Mark Swartz
At his pinnacle, Mark Swartz was worth roughly $150 million. But he illegally pocketed $50 million and got caught. Swartz used to be the chief financial officer of Tyco International, and the day he went to prison (in 2005), he was big news. Paparazzi chased him; his picture was on the front pages of newspapers around the world; his conviction and sentencing were the subject of countless news articles, TV shows, and blog posts. What made him famous wasn’t just the amount of money he stole; it was whom he stole it with: He helped his ex-boss, former Tyco C.E.O. Dennis Kozlowski, filch $110 million more for himself. Together they became the poster boys of everything that’s gone wrong in corporate America. Their trials, coming on the heels of the blowups of Enron and WorldCom, fueled the public’s outrage over the greed and deceit of the business elite. (Katrina Brooker)
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Tyco's former finance chief Mark Swartz and his boss, Tyco's former chief executive officer Dennis Kozlowksi, were found guilty in September 2005 of grand larceny, securities fraud, falsifying business records and other charges. The two former top executives of Tyco International Ltd. were convicted of looting the industrial products and services company of more than $600 million to fund extravagant lifestyles featuring expensive jewelry, an opulent Manhattan apartment and a gaudy Mediterranean birthday party.
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