Mark H Swartz

In January 2005, Mark Swartz and Dennis Kozlowski, former CFO and CEO of Tyco International Ltd., respectively, were found guilty on 22 counts of grand larceny and fraud charges in the systematic looting of some $567 million from the company by selling stock at falsely inflated prices, receiving "undeserved" bonuses and obtaining huge loans that were later forgiven. Kozlowski lived extravagantly on the proceeds, including throwing an infamous $2 million birthday party for his wife on the island of Sardinia. They were sentenced to up to 25 years in prison and ordered to pay a combined $239 million in fines and restitution. Kozlowski is currently serving his sentence at the Marcy Correctional Facility in Marcy, New York.