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Convicted Tyco Embezzler Dennis Kozlowski Granted Parole
When former Tyco International CEO Dennis Kozlowski was convicted for stealing $150 million in company money in 2005 on 22 criminal counts including grand larceny, conspiracy, securities fraud/sales and falsifying business records to a prison term of 8.33 to 25 years, he became the poster child for corporate greed. Shortly thereafter the entire financial system nearly collapse when everyone on Wall Street became a poster child for corporate greed and nobody went to jail. As such it became a moot point to make anyone a symbol for "corporate greed" since the Department of Justice itself admitted there is a brand new category reserved for the uber-greedy ones, also known as Too Big To Prosecute. Which is why moments ago, news broke that Kozlowski was granted parole after serving 100 months in jail, exactly nobody was surprised.
“Mr. Kozlowski is grateful to the parole board for its decision to grant him parole,” Alan Lewis, Kozlowski’s attorney at Carter Ledyard & Milburn, said in an email to FOX Business.
The New York State Board of Parole said it announced the decision to Kozlowski on Tuesday and his tentative release date is January 17, 2014.
Kozlowski had been denied parole in April 2012 on the grounds that he remained a threat to “public safety and welfare.” The former Tyco CEO filed suit after that denial.
Now that Dennis is no longer a threat to the public welfare, we expect him, Enron's Skilling and of course MF Global's Jon Corzine to form KozCorSki Asset Mismanagement and proceed to "manage" everyone else's centrally-redistributed money (get to work Mr. Chairwoman) in the one way that modern society truly deserves.
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And he is mad as hell and wants his shower curtains back
Free Jon Corzine!
What about Bernie Madoff ?
Fairs fair.Oh wait , he stole from the 0.1%.
Big mistake.
He's a dinosaur, tethered to cord without typing skills. He'll be left behind with nothing.
holy shit crime does pay.
Just ask Michael Milkin!
He'll have a job at some investment house or "energy management" company within 3 months.
RIP June R.
a long time tyco employee who lost everything and died destitute due to this man, of a treatable disease
we miss you June.
i am appealing his release...and i want to hold this appeal in tawani court...
Not defending him, but aren't the people who sit on 90% of the boards of our top banks and companies just as guillty.
It's called collusion. When you conspire to steal share holder's money to garnish each other with unjustified bonuses and winnings.
I called it winnings because most of them do not earn anything.
"Greed is good" - Gordon Gekko
This news calls for a Toga Party ....Toga...Toga !!
I just wanna say that this country is one of the finest kleptocracies in the world.
Go Seahawks.
Whew! Now I can sleep better knowing the guilty as sin crooks have their "get out of jail free" cards back. For a minute there, I was worried the gubmint was going to crack down and punish pieces of trash like him.
Free KozCorSki Asset Mismanagement!
150 million used to be a big amount, right?
It's Deer Hunting season.
Seriously.
Somebody call batman. ..this is out of control
What will be the sentence when a defrauded investor slips a shiv in TogaMan's guts as he passes on the street?
Many pats on the back from me. I didn't see anything. I'm just patbacking happy.
I'll be like the slug that gets mugged by a turtle.
"I don't know, officer, it all happened so fast."
That would be the very serious crime of denying the guillotine its due.
The head and grin of a sociopath.
Quite frankly little bit more than 8 years certainly not a walk in the park. I am much more dsisgusted by Corzine not even being indicted
His only crime was avoiding another crime. I don't believe he should have done time.
Edit: I thought he was only convicted of not reporting NY city sales tax on the sale or purchase of an expensive painting.
Now it's time to free John Corzine!
Senator, Governor, Vampire ...
Stake through his black heart would set him free.
Convicted shoplifters (habitual ones) do more time!
KozCorSki is Parent Corp. to Helicopter Ben & Yellen Associates.
I don't think they will merge into one corrupt company.
They achieve a larger corruption footprint by staying separate...
Poor bastard missed out on the opportunity of a life time, just think of the too big to jail criminal mischief he could have gotten himself involved in if he wasn't sitting in the clink, this poor man was robbed!
If he had just been born a jew instead of a Pole he never would've gone to prison at all.
watch out there is a strong denile factor about the jewish involvement in our slavery and world wide debt problem around here.
Are you saying that Martha Stewart is Polish?
Wait a minute...at least Koz lost his money went to jail. Corzine never did... that is a big difference.
Did Frankiln Raines, Dick Fuld, Mozilla, are any of those bankers go to jail ?
C'mon Tyler a little feckin' balance here. Koz was a minnow.
how do you think skillings feels? he invented the concept of private taxation of energy, and he still sits in prison while jpm and occidental work his racket on a massive scale.
Didn't someone burn this fat fuck's house down when he was on trial? Too bad they didn't burn it down when he was in it - his whole neighborhood would have smelled like moldy bacon for weeks...
http://en.wikipedia.org/wiki/Lincoln_Correctional_Facility What the fucking fuck, man?---views of the park?
Wall Street needs his talents.
Can't wait till they spring Bernie Ebbers, Andrew Fastow and Jeff Skilling from the "can".
It will be like an episode of Batman where his worst arch enemies' are all simultaneously sprung from prison and are getting ready to plan the biggest 'event'.
We really are living a real life version of a Marvel comics!
Eggs-quisite!
the look says it all.....he's baaaaaccckkkk!
He's an ex-con now. Not as smart and connected as the rest of the criminals.
Being caught and convicted, he looks pretty stupid to the rest on Wall Street.
He might serve a useful purpose as a fall-guy again.
This dude knew how to throw parties.
loves this criminals voice......its a classic !
The shower ring lobby is very powerful
Well said. Many don't understand how disgusting these people are. The difference between getting apprehended and getting loose over the soap drop test. Many of them are twisted and sick individual’s. Nixon even reported this fact.
Hey I'm the Jew that controls everything and everybody including W74 except those that are smart enough to put aluminum foil over their heads. Madoff is only relaxing in the can and engineered Koz's release to do his bidding, don't you get it? I also made Mt Etna erupt today as a distraction.
$150 million, 100 months = $1.5million/month.
Crime does pay! Really, really well!
The smarter ones never go to jail. What a long time to serve.
The tipping point was when he asked the warden to become a partner in his new idea for a hedge fund.
For stealling $150million plus, he gets 8 1/3. Poor man steals bread for his family gets 20 years. Justice is served!
He and others like him need a bullet.
Anyway no matter how much money this arsehole has stashed away he's still one big fat bald ugly motherfucker
Enron is on autopilot in CA, taken over by Al Gore
Im sure the Fed or The Squid will have a job waiting for him
Here's what David Stockman said about the Koz:
Between 1992 and 2002 Tyco International did over 1000 major M&A deals worth $70 Billion. The result was a hodge-podge of cast-off orphans from corporate America. Tyco sales increased from $7 Billion in 1997 to 34 Billion in 2001, a 50% annual rate of increase.
The real purpose of TYC was for Wall Street to create a vehicle for absorbing powerful waves of Wall Street speculation money which had been unleashed by the Fed. The hapless Kozlowski didn’t invent TYC, Wall Street did.
The explosion in the TYC stock price is additional proof that the Greenspan Bubble was rooted in monetary deformation. Most of TYC were old line businesses with annual growth rates of only 3%. Despite this, the PE ratio exploded from 17 to 67 in 1999. Corporate debt soared from $500 Million to $43 Billion. Goodwill went from $1 Billion to $43 Billion due to chronic overpayment of corporate assets. Shareholder equity was a negative $20 Billion in 2001. Kozlowski was the chump whose visage in the pantheon of American businesses greatest CEO’s was removed at a speed rivaling politburo portraits in Stalinist Russia. After a hurried do-over by the financial press, Koz was re-christened as a rouge CEO who stuck his shareholders with $6,000 shower curtains and a $2 Million party in Sardinia. TYC was the disheveled trunk of pots & pans from America’s industrial pawn shop led by a crude schemer who couldn’t resist the bait. $100 Billion in market cap vaporized by June 2002. That kind of re-pricing does not happen in a free market.
Now Koz can watch the more clever criminals on the outside.
Does he still keep the artwork that he shipped?
Great News! Dennis I hope that you die soon bitch! You raped the average American for your own personal pleasure. You better leave the country soon fucker!
At some point you have to believe in GOD just because you want motherfuckers like this to BURN in HELL!
Nah, god and government are just convenient ways/excuses for citizens to adbicate their personal responsibility for eradicating trash like this guy from society.
dont worry.. it all trickles down
150 million! I'm sure a regular person stealing 150 from a 7/11 would get a much longer sentence.
Uncle Fester motherfucker.
Did he have to give any of the stolen $150 M back?
I could be wrong on this, but I don't remember Dennis getting up on stage with O'bomber or donating 7 or 8 figure sums to America-hating organizations.
There is a world of difference between grand larceny and treason.