Ex-CEO of Tyco can’t make bail because a judge froze $600MM of his assets. The guy needs to post $10MM to secure a $100MM bond to stay out of jail on Riker’s Island. The judge stated that he can’t use any of his frozen assets or even his ex-wife’s house as collateral to secure the bond because he may have obtained the money to buy that house illicitly while at Tyco. Time to pucker up.

3 Comments »

  1. Nice.

    #1 by Meerenai — September 18, 2002 @ 1:44 am

  2. what does a $6,000 shower curtain look like?

    #2 by shannon — September 20, 2002 @ 10:46 am

  3. Thankfully our new CEO is turning things around, tasty tidbits unearthed in the internal investigations are/were being turned over to authorities.
    Dennis “call me Betty, I’m Rocco’s Bitch” Koz DID have a good business strategy, and Tyco does have some pretty strong businesses and is well diversified, I’m currently not sweating the stock drop.. it’ll return.
    A great article in The WSG covered Betty’s history about a month ago…. The moral of the story: You can take White Trash out of the Trailer Park, put him in a suit, but it’s still gonna be white trash… Ever see the episode of Arli$$ with the teen skater who’s parent’s were spending all of her money? That’s Betty, er, Dennis Koz.

    #3 by Tyco Employee Earthdog — October 2, 2002 @ 6:02 am

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