CORRECTED-Convicted ex-Tyco CEO Kozlowski to be freed on parole
(Corrects prison term to 8-1/3 to 25 years from 8-1/2 to 25 years, paragraph 3) )
By Karen Freifeld
NEW YORK Dec 3 (Reuters) - Dennis Kozlowski, the former Tyco International Ltd chief executive who went to prison for looting the company of more than $100 million, was granted parole Tuesday, according to New York state officials.
A New York state parole board tentatively agreed to release Kozlowski next month, according to the state's Department of Correctional Services.
Kozlowski, once dubbed the poster boy for corporate fraud, was sentenced in 2005 to 8-1/3 to 25 years in prison following his conviction on grand larceny, securities fraud and other charges. (Reporting by Karen Freifeld; Editing by Gary Hill)
- Malaysian plane presumed crashed; questions over false IDs |
- China draws 'red line' on North Korea, says won't allow war on peninsula
- Warning shots fired to turn monitors back from Crimea |
- Malaysian plane crashed off Vietnam coast: state media