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BE HONEST AND DEPENDABLE Truth Shall Set You Free.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
Byline: Steve Watkins
10 Mark Belnick stared down a possible decades-long sentence in the New York state prison system and won. His trust in the truth carried him through.
Belnick had worked for 28 years at New York City law firm Paul, Weiss, Rifkind, Wharton & Garrison before joining Tyco International as chief corporate counsel in 1998.
But in early 2002, problems with Tyco's top management came to light. Chief Executive Dennis Kozlowski and Chief Financial Officer Mark Swartz were eventually convicted of larceny and fraud.
Prosecutors also indicted Belnick, first accusing him of failing to disclose loans the firm gave him. When he wouldn't give in to pressure to plead guilty, prosecutors upped the ante by charging him with grand larceny and securities fraud.
Dark Days
He knew the case was baseless, but he faced the specter of 25 years in a maximum-security prison.
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- Mark Belnick Responds To Tyco Termination.
- Press release article from: PR Newswire June 10, 2002 700+ words
NEW YORK -- Mark Belnick is an outstanding lawyer...indicted for sales tax fraud in New York State. Mr. Belnick's termination as General...of legal turf war." Mr. Belnick has been assisting the New York County District Attorney...
- Corrected; Response on Behalf of Mark Belnick to Tyco Termination.
- Press release article from: PR Newswire June 10, 2002 700+ words
NEW YORK -- Stanley S. Arkin, counsel to Mark Belnick, made the following statement...for sales tax fraud in New York State. Mr. Belnick's termination as General...has been assisting the New York County District Attorney...
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- Press release article from: Business Wire January 10, 2002 700+ words
...serve on its Board of Directors. Belnick is executive vice president and...director begins immediately. Belnick, of New York and Utah, joined Tyco in 1998...American College of Trial Lawyers, Belnick served in 1987 as deputy chief...
- Response on Behalf of Mark Belnick to Tyco Statement.
- Press release article from: PR Newswire June 10, 2002 700+ words
NEW YORK -- Responding to the statement put out late today by Tyco International concerning its termination of Mark Belnick, Stanley S. Arkin, Mr. Belnick's counsel said: Mr. Belnick has been working closely with and assisting Tyco...
- Stanley S. Arkin Comments on Tyco Lawsuit Against Mark Belnick.
- Press release article from: PR Newswire June 17, 2002 700+ words
NEW YORK -- Stanley S. Arkin said...International against Mark Belnick: "This lawsuit is a shabby...personal animus against Mr. Belnick to divert focus from their...gross breaches of trust. Mr. Belnick conducted himself during his...
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- Magazine article from: On Wall Street Jamieson, Dan March 1, 2003 700+ words
...Rudman committee's chief counsel was none other than Mark Belnick, the former Tyco general counsel now facing criminal charges...all over again, the Manhattan district attorney alleges that Belnick's receipt of an unauthorized $12 million bonus from Tyco...
