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Kozlowski, who is being held at the minimum-security Lincoln Correctional Facility in Harlem, has a clean disciplinary record and has logged "progress and achievement" in prison programs, the Parole Board noted. But, the decision noted, he is there as the result of a more than $100 million theft from "an international public corporation, in glaring violation of the trust placed in you as CEO by the board of directors and corporate shareholders." Swartz, 51, is also at Lincoln for now. He's eligible for his first parole board interview in September 2013, according to the state Department of Corrections and Community Supervision. Kozlowski and Swartz were part of a line of other executives sent off to prison for lengthy stints after white-collar scandals that outraged the public in the early 2000s. WorldCom Chairman Bernard Ebbers was sentenced to 25 years in prison for the $11 billion accounting fraud that toppled the telecommunications firm. Enron Corp. founder Kenneth Lay was convicted of fraud, conspiracy and lying to banks; he died of heart disease while awaiting sentencing. Former Enron CEO Jeffrey Skilling also was convicted; he remains in prison awaiting resentencing after an appeals court overturned his 24-year sentence and the U.S. Supreme Court declined to overturn his convictions. Their cases all preceded the December 2008 arrest of financier Bernard Madoff, now serving a 150-year prison sentence after revealing in December 2008 that he cheated thousands of investors of roughly $20 billion.
[Associated
Press;
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