Ex-Tyco executives get up to 25 years in prison

[sabra]

http://www.msnbc.msn.com/id/9399803/

Ex-Tyco executives get up to 25 years in prison
Kozlowski, Swartz punished for stealing hundreds of millions of dollars

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.

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.

[lebkuchen]

1. Bring on Kenny-boy.

[cantstandbush]

28. Yes, but with the possibility of parole early. Meanwhile, pot smokers

get mandatory 25 years if caught. these corporate scumbags ruin many lives and the lives of whole families and they seem to get away with it eventually.

[Merlot]

31. Yes, eight to 25 means probably 3 and a half. NOT ENOUGH.

[joeunderdog]

2. Where's Kenny-Boy?

Time for the Enron Crime Family to get theirs. They're probably still taking limos to the polo matches.

The Tyco verdict shows it can be done, and maybe it's a precedent of prosecuting business abuse.

[MsAnthropy]

3. whoo hoooo! It's about time!

I love those restitution figures--but it should be more!

[BSDRebel]

4. JUSTICE

Enjoy losing 8 years of your life, maybe more, asshats!

[RaleighNCDUer]

10. Fraid not.

* will pardon them both, no later than 1/19/09.

[Deja Q]

32. And I doubt they'd have to return the money anyway

[pitohui]

5. it's b.s. did you know ebbers is already out?

he supposedly got 65 yrs & he's already out!

it is all a big lie

[lebkuchen]

6. I didn't know that. Have a link?

[algerhiss]

7. Already?

Yeah, 65 years and out already... that's insane.

[faithnotgreed]

12. welcome to the fun alger

were glad youre here (so to speak)

[pitohui]

14. headline of clarion-ledger (jackson, miss paper)

no reason for them to invent it

i was not able to get online at the time to get any links, there was a big storm & power outage at the time

you may have heard of this storm & resulting disruptions in electric

investigate for yrself, that's the only way you're going to believe

[Lochloosa]

20. Welcome to DU algerhiss

:hi:

[quiet.american]

9. Seems he's still free while awaiting appeal

http://news.yahoo.com/s/nm/20050908/bs_nm/crime_ebbers_bail_dc

Ebbers allowed to remain free for appeal

NEW YORK (Reuters) - Bernard Ebbers, former head of WorldCom Inc., will be allowed to remain free on bail as his attorneys appeal his March conviction on multiple counts of fraud, according to a ruling made on Wednesday in New York.

[nolabels]

13. CEOs have a different sets of rules for their justice

Ebbers just got too close to the heat is all. If would more detached he could of been a GOP running mate like Uncle Dicky.

Rich white dudes never go to jail, silly wabbits

[pitohui]

15. thanks for locating that link, we always have our doubters

if i were an old man sentenced to 65 yrs i might be considered a flight risk

but i guess it's different when you steal rilly big

[quiet.american]

19. :) n/t

[mahatmakanejeeves]

22. On appeal?

.

[warrens]

23. He's out on appeal

This judge appears to not have the flexibility shown by Bernie's judge.

[TheCowsCameHome]

8. They'd fit well in the Bush cabinet

[ozarkvet]

24. Bush Cabinet

No, these guys got caught.

The bushies are very good at what they do and generally don't get caught.

[cyberpj]

11. 'eight and one-third' ?

I know... I'll go read it... but it just struck me as odd.

[UrbScotty]

16. Pardon? (nt)

[GOPAgainstGW]

17. Bring On Tom Delay & The Bush Family Mafia n/t

[MyUncle]

18. This is GREAT news. Enjoy it for now.

These people should get LIFE. Bank robbers get about $600 when they hold up a teller. These guys should get a proportionate sentence based on how much they stole.

In other words, infinity in jail for them.

Let's savor this victory instead of thinking about the worst outcome.

May they rot in jail.

[lebkuchen]

21. In cases like this, I favor the death penalty

[Tight_rope]

25. Praise the Lord....I've been waiting on this for years.

Now for the Enron crooks!

[daleo]

26. Where is Kenny Boy?

Where is Kenny Boy?
Where is Kenny Boy?
Where is Kenny Boy?
Where is Kenny Boy?
Where is Kenny Boy?

[Yo_Mama_Been_Loggin]

27. Now if we could just get Cheney and Haliburton

[sakabatou]

29. WOOHOO!

I'm gonna celebrate with ice-cream cake.

[pinniped]

30. Toga, toga, toga, toga...

Will he have toga party in prison?

[Bombero1956]

33. ordered

to pay $140 million restitution. He'll probably declare bankruptcy before the new law goes into effect.

[Synnical]

34. Oh, hell yeah

Due to Hurricane Rita (paying attention to local news)- I just saw this.

:bounce: