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The legal reckoning for these actions came in 2003 and 2004. Kozlowski and Swartz were indicted on a host of charges, including grand larceny, securities fraud, and falsifying business records. The trials that followed revealed the full scope of the financial empire Kozlowski had built on the backs of Tyco’s shareholders. In 2005, he was convicted on 22 of the 24 charges against him. The subsequent sentence of 8 to 25 years in prison effectively ended owner of man city net worth his reign and stripped him of his freedom. While incarcerated, Kozlowski’s net worth began to dissipate rapidly. Legal fees, fines, and asset seizures reduced his fortune significantly. The once-mighty CEO, who had commanded a salary and bonus structure in the tens of millions, found himself in a starkly different reality, his net worth a fraction of its former self, largely due to the legal penalties and the forced sale of his assets to satisfy restitution orders.
