(Answered) : September 12 2002 National Television Showcased Tyco International S Former Chief Executiv Q27960583

On September 12, 2002, national television showcased TycoInternational’s former chief executive officer (CEO) L. DennisKozlowski and former chief financial officer (CFO) Mark H. Swartzin handcuffs after being arrested and charged with misappropriatingmore than $170 million from the company. They were also accused ofstealing more than $430 million through fraudulent sales of Tycostock and concealing the information from shareholders. The twoexecutives were charged with more than thirty counts of misconduct,including grand larceny, enterprise corruption, and falsifyingbusiness records. Another executive, former general counsel Mark A.Belnick, was charged with concealing $14 million in personal loans.Months after the initial arrests, charges and lawsuits were