Dennis "Toga Party" Kozlowski: 25 years in prison. Ha Ha Ha Ha Ha Ha HA!

[Bush_Eats_Beef]

:rofl: :rofl: :rofl: :rofl:



:rofl: :rofl: :rofl: :rofl:

The Associated Press/NEW YORK
By SAMUEL MAULL
Associated Press Writer

Ex-Tyco execs receive prison sentences

SEP. 19 1:14 P.M. ET

http://www.businessweek.com/ap/financialnews/D8CNF3R02.htm?campaign_id=apn_tech_down&chan=tc

L. Dennis Kozlowski, the former CEO of Tyco International Ltd., and former Tyco finance chief Mark Swartz were sentenced Monday to up to 25 years in prison for stealing hundreds of millions of dollars from the company. The men, who were immediately ordered into custody, will be eligible for parole after serving eight years and four months.

Family members wept in the gallery as the sentences were imposed. Kozlowski was led out of the front of the courtroom in handcuffs as his wife quietly sobbed from a bench three rows back. State Supreme Court Justice Michael Obus ordered Kozlowski and Swartz to pay a total of $134 million in restitution; in addition, Kozlowski was fined $70 million, Swartz $35 million.

The sentences end a case that exposed the executives' extravagant lifestyle after they pilfered 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.

[Craig3410]

1. Is that the dude with the ice sculpture of David that pissed vodka?

:rofl:

[Bush_Eats_Beef]

4. That's the one!

And Jimmy Buffett singing "Brown Eyed Girl" while his mistress swooned.

:rofl:

[MN ChimpH8R]

2. That pig should have to do every last second of

the full 25 years, and every nickel he or any of his family made after he became head of Tyco should be forfeited.

edited for typo

[LeftHander]

3. Justice....if a poor man stole $10,000 he would do no less.

than 25 years eligble for parole in 8.

I am not weeping for Kozlowski...

[nickgutierrez]

5. Not enough, but I guess it'll do.

He's not going to a Club Fed, is he?

[RaleighNCDUer]

13. Do you doubt it?

He has to stay somewhere till * pardons him on 1/19/09.

[Zynx]

16. No Club Fed - these were NY state felony charges. He's going "upstate."

There aren't any nice prisons in the NY state system. For that matter, there aren't any safe ones.

[Geoff R. Casavant]

18. State Prison -- excellent

You want chills, find the part in Scott Turow's first fictional novel, Presumed Innocent, where it discusses sending someone to state rather than Fed prison. It gave me the willies for days and still creeps me out.

Just a taste -- "I've got no teeth!"

[SteppingRazor]

6. Actually, just over 8 years, not 25...

You and I both know that he'll make parole on the first try.

[Bush_Eats_Beef]

7. Yeah, probably...

...but just for a moment I'd like to savor the sound of "25."

:evilgrin:

[Jacobin]

9. Likely 6 years at club fed

for stealing gazillions.

It's nothing at all.

He fucking got away with it.

[charlie]

12. True dat

Half dozen years in a lo-rent country club ain't spit. If he'd give me half the cash he's got left, I'd do his time for him.

[Zynx]

15. He's not going to Club Fed. He's going upstate in NEW YORK.

Them places are not exactly known for their hospitality and fringe benefits, to say the least.

[RaleighNCDUer]

17. With his money and pull he could rent the warden's apartment.

He'll be inconvenienced, nothing more. Never see him in the mix with the 'real' criminals.

[gollygee]

8. So they steal $600 million and have to pay back $200 million

Not a bad take

[wryter2000]

10. OMFG

Are any of the others smart enough for this to act as a deterrent?

[SammyWinstonJack]

11. He looks like Mr. Burns.

[Vinca]

14. This guy must be really dimwitted to boot.

Isn't this a mandatory sentence? Couldn't this turn out to be life? With all that cash I'd have made tracks out of the country a week or so ago, passport or no passport. Money talks. That said, I'm happy as a clam he's going to the big house.

[Skidmore]

19. Looks like Tim Russert without hair.