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Podcast: Dirty Money
Episode: The Man Who Looted $100 Million From His Own Company
Description: If you’re looking for the poster boy of corporate greed, look no further than Dennis Kozlowski, the former CEO of Tyco who took excess to a whole new level. In 2005, he was arrested and served six and a half years in prison for looting nearly $100 million from his company. Records revealed that he secretly loaned tens of millions of dollars of corporate funds to executives, and forgave those loans to win their loyalty. Without board approval, he doled out millions in bonuses and used company money to buy a $16.8 million apartment in New York City. He re...