By James O'Toole @jtotooleDecember 3, 2013: 7:28 PM ET
NEW YORK (CNNMoney)
The curtain is falling on the Dennis Kozlowski saga.
The New York State Parole Board granted release Tuesday to the former Tyco(TYC) chief executive, convicted back in 2005 for stealing hundreds of millions of dollars from the manufacturing conglomerate.
Kozlowski received a sentence of 8-1/3 to 25 years in prison in one of the highest-profile corporate fraud cases of the new millennium. He spent lavishly with the stolen funds, infamously dropping $6,000 alone on a shower curtain and $2 million on a "Roman orgy" party in Sardinia featuring an ice sculpture of Michelangelo's David urinating vodka.
Kozlowski started his sentence at a medium-security prison in upstate New York, where he was reportedly dubbed "Koz" by rapper and fellow inmate Ja Rule. He has since been on work release with an e-learning company, held at Manhattan's Lincoln Correctional Facility with the opportunity to leave on some evenings.