Scandal, trial, and conviction[edit]
Kozlowski has been tried twice. The first attempt was a ruled mistrial when one of the jurors was threatened by the public after being reported to have made an OK sign towards Kozlowski's lawyers.[9] Kozlowski testified on his own behalf during the second trial, stating that his pay package was "confusing" and "almost embarrassingly big," but that he never committed a crime as the company's top executive.
Kozlowski was convicted on June 17, 2005 of crimes related to his receipt of $81 million in purportedly unauthorized bonuses, the purchase of art for $14.725 million and the payment by Tyco of a $20 million investment banking fee to Frank Walsh, a former Tyco director.[10] On September 19, 2005 he was sentenced by Judge Michael Obus of the Manhattan Supreme Court to serve from eight years and four months to twenty-five years in prison for his role in the scandal.[11]
His aggregate minimum sentence was set at 8 years and 4 months, and his aggregate maximum sentence was 25 years; his conditional release date was set for May 17, 2022, and his maximum expiration date was September 17, 2030. In April 2012, Kozlowski was denied parole.[12] His next parole eligibility date, and his parole hearing merit release appearance, were then set for January 17, 2014. On January 17, 2014 he was granted conditional release from the Lincoln Correctional Facility in New York City.[2][3][4]
Scandal, trial, and conviction[edit]Kozlowski has been tried twice. The first attempt was a ruled mistrial when one of the jurors was threatened by the public after being reported to have made an OK sign towards Kozlowski's lawyers.[9] Kozlowski testified on his own behalf during the second trial, stating that his pay package was "confusing" and "almost embarrassingly big," but that he never committed a crime as the company's top executive.Kozlowski was convicted on June 17, 2005 of crimes related to his receipt of $81 million in purportedly unauthorized bonuses, the purchase of art for $14.725 million and the payment by Tyco of a $20 million investment banking fee to Frank Walsh, a former Tyco director.[10] On September 19, 2005 he was sentenced by Judge Michael Obus of the Manhattan Supreme Court to serve from eight years and four months to twenty-five years in prison for his role in the scandal.[11]His aggregate minimum sentence was set at 8 years and 4 months, and his aggregate maximum sentence was 25 years; his conditional release date was set for May 17, 2022, and his maximum expiration date was September 17, 2030. In April 2012, Kozlowski was denied parole.[12] His next parole eligibility date, and his parole hearing merit release appearance, were then set for January 17, 2014. On January 17, 2014 he was granted conditional release from the Lincoln Correctional Facility in New York City.[2][3][4]
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