Dennis Kozlowski to Stay in Prison

kozlowski_prison.top

The ‘poster boy’ for American greed and corruption, Dennis Kozlowski, will stay in prison.  A New York court rejected his request for a new parole hearing Tuesday.  His last parole hearing was in 2012, and he was denied.

Kozlowski, who is now 66, and Tyco’s chief financial officer, Mark Swartz, 52, were sentenced in 2005 for 8 and 1/3 years in prison, with a maximum of 25.  America watched, and wished a lengthier sentence could have been applied.

The two men are in a prison facility, but it is minimum security.  Lincoln Correctional Facility in Harlem is what many label a ‘white collar’ prison.  Both men are eligible for another parole hearing in September.

Kozlowski and Swartz took huge amounts of money from Tyco.  Kozlowski was charged with embezzlement of 100 million dollars.  After his arrest, reports of lavish expenditures were exposed, including a $6,000 gold-threaded shower curtain, his $15,000 umbrella stand shaped like a small terrier and a $2 million birthday party he threw for his wife on the Mediterranean island of Sardinia.

Kozlowski’s attorney, Alan Lewis, said he will appeal the parole board’s hearing.  “We respectfully, but strongly, disagree with the appellate division’s decision and instead think that the lower court was entirely correct about the flaws in the Parole Board’s decision,” he said in a prepared statement.

Kozlowski remained defiant, claiming he had done nothing wrong until his parole hearing in 2012.  Seven years in prison, away from his ultra-luxurious life style, which included several mansions, appeared to have softened the once brash criminal.  He told the parole board:  “I stole money from Tyco, and I stole a lot of money, and … I’m very sorry I did that,”

The parole board called his crime a “glaring violation of shareholder’s trust,” and that giving him an early release from his sentence would be disrespectful to the law.

Dennis Kozlowski, Mark Swartz, Kenneth Lay, and others who thought they were above the law, and that money would keep them out of prison, were sadly mistaken.  (Kenneth Lay did not go to prison; he died before he was sentenced).  At least Kozlowski will remain in lock-up for a while longer.  It can’t be long enough.

Alfred James reporting    OP-ED

sn1
sn2

We will read your comment immediately so leave a remark!

RSS Guardian Express

  • ‘Game of Thrones’ Actor Retiring From Acting April 16, 2014
    Note: This contains spoilers for those who have not seen April 13’s episode of Game of Thrones. Do not read if you do not want to be spoiled! One of the Game of Thrones actors has decided it is time to retire from acting. It likely is not anybody most would expect, either. And it […]
    Alexandria Ingham
  • Airplane Passengers Tackle Man Trying to Open Exit Door Mid-flight April 16, 2014
    Southwest Airlines Flight 722 passengers performed a heroic act on April 14, when they stopped a man from opening an exit door on the airplane mid-flight from Chicago Midway International Airport to Sacramento International Airport. Witnesses say the man appeared to be intoxicated and was attempting to jump from the airplane. Some passengers noticed that […]
    Christina.T
  • Stanley Cup Playoffs Preview: Dallas Stars April 16, 2014
    The Dallas Stars are likely the most overlooked team in the Stanley Cup Playoffs. The reasoning behind it is simple: It took the team until the final weekend of the season to clinch a playoff spot. They are the underdog of underdogs heading into playoffs, but as the saying goes: Every dog has its day. […]
    Jonathan Gardner
  • Conjoined Twins Separated and Finally Leaving Hospital April 16, 2014
    Conjoined twins, Owen and Emmett Ezell, born July 2013 and separated in August at six weeks old, will finally leave the Dallas hospital, where they have been gradually improving since the surgery. They will not be going home quite yet, their move this week, will be to a rehabilitation center to continue to recover and […]
    Twanna Harps
  • Lindsay Lohan Relapses and No One Is Surprised April 16, 2014
    Lindsay Lohan has relapsed and no one is surprised. According to Radar Online, the troubled star was seen drinking a vodka soda while at Coachella earlier this week. It is the same news for the star, as she has been down this path five times already. The 27-year-old actress recently completed her sixth stint in […]
    Alexandria Ingham

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 630 other subscribers

Quantcast