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Posted 11/25/2003

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Watch the video

Take a peek at ex-Tyco CEO's deluxe digs
 
Extra
New tape shows Kozlowski's posh digs

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Jurors in the fraud trial of Tyco's former chief get a look at the Fifth Avenue duplex, complete with $6,000 shower curtain, that shareholders reportedly financed.

By MSN Money staff and wire reports

Memo to Tyco's new executives: Whatever you do, don't put it on videotape.

Jurors in the corruption trial of Dennis Kozlowski sat for a second screening today, this time of the former Tyco (TYC, news, msgs) chairman's stylish residence on Manhattan's toney Fifth Avenue.

Furnishings shown on the video include his already notorious $6,000 burgandy-and-gold shower curtain and a $15,000 antique umbrella stand. The lavish duplex, remodeled for some $30 million, was reportedly funded by Tyco and its shareholders.

In fact, Kozlowski's attorney maintained the apartment was entirely owned by Tyco and rarely used by his client except perhaps "to change a shirt," CNBC's Bertha Coombs said.

Consider the tape a sequel. Jurors last month viewed scenes of excess from a video of a birthday party for Kozlowski's wife held on a Mediterranean island.
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The 2001 party cost $2.1 million -- about half paid by Tyco -- and featured singer Jimmy Buffett, gladiators, chariots and an ice sculpture of Michelangelo's David that served as a vodka fountain.

Koz on trial
Kozlowski and a co-defendent, Tyco's former Chief Financial Officer Mark Swartz, are charged with bilking the company out of some $600 million.

Much of the trial has focused on how company dollars were allegedly used to subsidize Kozlowski's lavish lifestyle and reward those close to him.

(For more on the birthday party tape, click here.)



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