http://money.cnn.com/2005/06/23/news/newsmakers/kozlowski_letter/index.htm
Kozlowski urges jail time - for himself
Report: 1995 letter from ex-Tyco CEO calls for "maximum term" in
incarceration of ex-employee.
June 23, 2005: 12:49 PM EDT
NEW YORK (CNN/Money) - A letter written 10 years ago by convicted Tyco
CEO Dennis Kozlowski that condemns stealing from stockholders could
play a role in determining the length of his sentence, according to a
news report released Thursday.
Prosecutors in the trial of Kozlowski, who was convicted last week on
charges that he pocketed in excess of $150 million dollars from Tyco,
say they may use the letter during their sentencing recommendation for
the former exec, the Wall Street Journal reported.
Kozlowski's 1995 letter, written to a Houston sentencing official over
the trial of Girish P. Shah, recommended that the former assistant
controller at Tyco "be sentenced to incarceration for a maximum term,"
and stated that stealing from a company is "a particularly egregious
crime."
In the letter obtained by the Journal, Kozlowski also went on to
censure Shah for stealing from stockholders and breaching his
fiduciary duty, writing the "wrongdoing of this nature against society
is considered a grave matter."
Shah was sentenced to 20 years in prison but was released four year
later in 1999, the paper reported.
© 2005 CNN
Kozlowski, 58 and co-worker Mark Swartz, 44, who were both convicted
last Friday in Manhattan Supreme Court, now face sentences of 15 to 30
years. Their sentencing is tentatively scheduled for August 2.
--
Contempt of Congress meter reading-offscale.
Hello, theocracy with a fundamentalist US Supreme
Court who will ensure church and state are joined
at the hip like clergy and altar boys.
America 1776-Jan 2001 RIP
"As democracy is perfected, the office of president
represents, more and more closely, the inner soul
of the people. On some great and glorious day the
plain folks of the land will reach their heart's
desire at last and the White House will be adorned
by a downright moron." --- H.L. Mencken (1880 - 1956)
Religion is the original war crime.
-Michelle Malkin (Feb 26, 2005)
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