ALBANY, N.Y. — They face parole hearings soon, but ex-Tyco executives Dennis Kozlowski and Mark Swartz have already left a minimum-security prison in Harlem for steady clerical jobs and overnights in apartments following their headline-grabbing $134 million corporate fraud convictions.
Former CEO Kozlowski and ex-chief financial officer Swartz are among 304 inmates in the state’s work-release program, according to prison officials. After a period in which they spent nights or weekends back at Lincoln Correctional Facility, they have had to report in only weekly since July.
Defense attorneys say the men collectively paid $134 million in restitution to Tyco and $105 million in fines to the state after their 2005 convictions. They were sentenced to 8 1/3 to 25 years in prison for 22 counts of grand larceny, conspiracy, falsifying records and violating business law.
“I believe he should be paroled,” said Kozlowski’s attorney, Alan Lewis. He said his client didn’t get any special treatment in getting placed in the work-release program.
Kozlowski’s parole hearing, after two recent postponements, is now scheduled for the week of Dec. 2.
Attorney Charles Stillman confirmed that Swartz long ago paid all his financial penalties. His parole hearing is set for next week.
