Ex-Tyco CEO denied parole

Dennis Kozlowski has served six years so far

The New York Parole Board stood its ground last week when it denied parole to former Tyco International Ltd. CEO Dennis Kozlowski.

In 2005, Kozlowski was convicted of grand larceny, securities fraud and conspiracy. The 65-year-old ex-CEO swindled his company out of $137 million through unauthorized bonuses and sold more than $400 million in inflated stock. Kozlowski is serving a sentence of between 8 1/3 years and 25 years, of which he has so far served six years.

Ashley Post

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