Tyco CEO Has Nothing to Hide, Lawyer Says
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Former Tyco International Ltd. Chief Executive L. Dennis Kozlowski, on trial for fraud, behaved openly about the money he received from the company and not as a criminal, his defense lawyer said in closing arguments.
Kozlowski, accused with former Tyco finance chief Mark Swartz of stealing more than $156 million in undeserved bonuses and secretly forgiven loans, has nothing to hide, lawyer Austin Campriello told a jury in New York state Supreme Court. The first trial of Kozlowski and Swartz ended in a mistrial.
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