Tyco's imprisoned former chief, Dennis Kozlowski, and his second wife, Karen, have reached a divorce settlement. Mr. Kozlowski, 61, signed the papers at the Mid-State Correctional Facility in Marcy, New York, where he is serving eight-and-a-third to 25 years in prison after being convicted of helping to steal $137 million from Tyco. Karen Mayo is a one-time waitress who married Mr. Kozlowski in 2001 in Antigua. The couple's Boca Raton home will be on the market soon. The 15,000-square-foot waterfront property, purchased with Tyco loans, is set amid five lots and has a pool and tennis court. The couple has claimed this estate as their homestead, which means it may be protected from creditors under Florida law. The settlement is subject to court approval. Bloomberg, July 14, 2008
