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twitterFormer Tyco CEO pleads innocent
Wednesday, June 5, 2002 | 9:44 a.m.
NEW YORK -- The former chief executive of Tyco International Ltd. pleaded innocent to charges of avoiding more than $1 million in sales tax for high-priced paintings he displayed in his posh apartment overlooking Central Park.
Dennis Kozlowski surrendered to authorities Tuesday, just a day after resigning as CEO of the troubled manufacturing company that makes everything from coat hangers to underwater fiber-optic cable.
He was released on $3 million bond and instructed not to leave the country without written permission from the court.
Kozlowski had no comment, but his lawyer, Stephen Kaufman, called the charges "unsubstantiated."
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