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Former Tyco CEO Granted Parole

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TWC News: Former Tyco CEO Granted Parole
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Former Tyco chief Dennis Kozlowski is set to be released from prison next month after being granted parole Tuesday.

The one-time CEO was sentenced to eight-and-a-third to 25 years in prison in 2005 after being convicted in a $134 million fraud case.

The Newark native's release, likely coming on January 17, follows that of ex-CFO Mark Swartz in October.

Together, they paid nearly $240 million in fines and restitution.

Under terms of the parole decision, Kozlowski agreed not to communicate with Swartz or Tyco without his parole officer's permission.

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