A convicted fraudster, but not a drug addict

nydailynewsAN ARTICLE IN Tuesday’s Daily News incorrectly stated that former Tyco chief executive Dennis Kozlowski was a substance abuser when he defrauded his company and investors. There is no credible evidence to support that statement. The story also misstated the amount of money involved in Kozlowski’s fraud on Tyco. It was $156 million. He also was found guilty of massive illegal stock sales, but the conviction did not specify an amount. Prosecutors charged the tainted sales totaled $280 million.

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