Free Republic

A state prison in Fishkill, New York, Thursday welcomed former Tyco International executives L. Dennis Kozlowski and Mark Swartz -- as inmates. The former executives convicted of stealing $600 million from Tyco, arrived at the Downstate Correctional Facility from Rikers Island, where they've been since their sentencing on Monday. The Fishkill prison is a reception center where male inmates stay for several weeks while waiting to be assigned a full-time prison. Kozlowski and Swartz were sentenced to 8-and-one-third to 25 years in prison. At Downstate, the two got the standard short haircut and prison clothing. Because of their high-profile cases,...

NEW YORK (Dow Jones)--Prosecutors moved a step closer to questioning an interior designer who did extensive work for L. Dennis Kozlowski, Tyco International Ltd.'s (TYC) former chairman and chief executive. The government had been seeking the whereabouts of Wendy Valliere, owner of Seldom Scene Interiors, to testify in the trial of Kozlowski and Mark Swartz, Tyco's former chief financial officer, in State Supreme Court in Manhattan. Late Wednesday, her attorney, James Batson, agreed to reveal the phone number and location where he has been contacting her to prosecutors in response to an order by Supreme Court Judge Michael Obus. Kozlowski...

Prosecutors have expanded their investigation of Tyco International Ltd. to include the company's auditor, PricewaterhouseCoopers LLP, according to a published report. Investigators are trying to determine whether the nation's largest accounting firm knew about secret bonuses that were being paid to former Tyco executives as well as accounting practices that regulators have charged were used to hide the payments, The Wall Street Journal reported Monday. The newspaper cited unidentified people with knowledge of the matter. Dennis Kozlowski, Tyco's former chief executive, and Mark Swartz, its former chief financial officer, have been charged with enterprise corruption and grand larceny for allegedly...