Ex-Tyco CEO Kozlowski granted parole

Eight years after he was found guilty of fraud at Tyco International, former Boca Raton resident and Tyco chief executive Dennis Kozlowski has been granted parole, the New York Times is reporting this morning.

Read the New York Times story here: Kozlowski Is Granted Parole

Kozlowski, who used Tyco International as his personal piggybank for wild parties and a New York apartment, is scheduled to be formally released as soon as Jan. 17. Tyco's former chief financial officer Mark Swartz was released from prison in October.

Kozlowski was convicted in 2005 of grand larceny, conspiracy and fraud and was given a sentence of 8-1/3 to 25 years in prison.



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