Prison: Mid-State Correctional Facility, New York
The former Tyco CEO was convicted on June 17, 2005, for receiving $81 million in purportedly unauthorized bonuses, the purchase of more than $14 million in art and the payment by Tyco of a $20 million investment banking fee to Frank Walsh, a former Tyco director.
Kozlowski was sentenced on Sept. 19, 2005, to serve up to 25 years in prison for his role in the scandal.
In September, Tyco announced plans to split into three publicly traded companies, positioning itself for expected consolidation in its diverse businesses and potentially making it easier for its operations to be acquired. Tyco's move was seen as the final unwinding of an industrial giant that for a decade has worked to repair its image after the Kozlowski fraud scandal.