SEC Finally Settles Its 'Koz'
By: David Faber | CNBC Anchor and Reporter
We can all rest easy: the SEC has reached a final settlement with Dennis Kozlowski and Mark Swartz, the former CEO and CFO of Tyco who have both spent the last four plus years in jail after being convicted of stealing from that company.
Despite all the companies clamoring to add them as officers or directors once their incarceration is completed sometime in the next decade, the two will not be allowed to ever serve in that capacity again.
What a shame.
And to think it only took the SEC seven years to reach a final judgment. Now that’s justice at work.
No wonder they never caught Madoff.
Questions? Comments? Write to faberreport@cnbc.com.
We can all rest easy: the SEC has reached a final settlement with Dennis Kozlowski and Mark Swartz, the former CEO and CFO of Tyco who have both spent the last four plus years in jail after being convicted of stealing from that company.
