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Monday, September 19, 2005
  Koz gets 8-25 in Federal-Pound-Me-in-the-Ass-Prison
Ex-Tyco Execs Receive Prison Sentences - Yahoo! News: "NEW YORK - L. Dennis Kozlowski, the former CEO of Tyco International, was sentenced Monday to eight and one-third years to 25 years in prison Monday for stealing hundreds of millions of dollars from the company.
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His codefendant, former Tyco finance chief Mark Swartz, received the same sentence, which means they will be eligible for parole after eight years and four months.

The judge also ordered them to pay a total of $134 million in restitution. In addition, Kozlowski was fined $70 million and Swartz $35 million.

Family members wept in the gallery as the sentences were imposed.

The sentences end a case that exposed the executives' extravagant lifestyle after pilfering some $600 million from the company including a $2 million toga birthday party for Kozlowski's wife on a Mediterranean island and an $18 million Manhattan apartment with a $6,000 shower curtain."
 
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