Securities: Ex-Tyco Chief Says He's "Absolutely Not Guilty"

Dennis Kozlowski, the former Tyco International Ltd. Chief, says that he is "absolutely not guilty" of the charges that have landed him a prison sentence of up to 25 years. Kozlowski told "60 Minutes" that "there was no criminal intent" in any of his actions and he believes he was convicted because jurors assume that someone making $100 million a year must be doing something illegal. He added that his case was ruled unfairly because it was confused with accounting scandals at WorldCom and Enron instead of being treated as a dispute over pay.

Ex-Tyco Chief Says He's "Absolutely Not Guilty"

Kozlowski and Tyco's former finance chief Mark Swartz were convicted in June 2005 of having stolen more than $150 million from Tyco. Kozlowski is said to have used company money to fund an elaborate birthday party and to buy a $6,000 shower curtain. In addition to his prison sentence, Kozlowski has agreed to pay $21.2 in taxes, fines, and penalties.