L. Dennis Kozlowski, 2002 News

former chief executive of Tyco International, was indicted in June on charges that he avoided more than $1 million in sales taxes on six pieces of art he purchased in 2001 for $13.1 million. He was indicted later in the month on charges of tampering with evidence in the first indictment. The charges allege that Kozlowski bought the art, including works by Monet and Renoir, for his Manhattan apartment but claimed the pieces were being sent to Tyco's New Hampshire headquarters in order to elude New York sales tax. Kozlowski was indicted a third time in September and charged with bilking the company out of $600 million in a stock-fraud scheme and using the money for personal purposes.


2002 People in the News