Conrad Black gets jail time
Media mogul Conrad Black was sentenced to 6 1/2 years in prison by a federal judge on Monday for his role in cheating shareholders of Hollinger International, according to CNN reports.
The company once controlled the Chicago Sun Times, the Montreal Gazette, Britain's Daily Telegraph and the Jerusalem Post. It also oversaw abut 60 percent of Canadian newspapers.
In July, Black was convicted of mail fraud and obstruction of justice. He must also pay a $125,000 fine.
Black's associates, Peter Atkinson of Oakville, Ontario, Jack Boultbee of Victoria, British Columbia, and Mark Kipnis of Northbrook, Illinois, were also convicted of mail fraud.
To read the full report click here.
The company once controlled the Chicago Sun Times, the Montreal Gazette, Britain's Daily Telegraph and the Jerusalem Post. It also oversaw abut 60 percent of Canadian newspapers.
In July, Black was convicted of mail fraud and obstruction of justice. He must also pay a $125,000 fine.
Black's associates, Peter Atkinson of Oakville, Ontario, Jack Boultbee of Victoria, British Columbia, and Mark Kipnis of Northbrook, Illinois, were also convicted of mail fraud.
To read the full report click here.
Labels: CNN, Conrad Black, fraud, Hollinger International, prison, shareholders
posted by Kelly Carr at
12/11/2007 07:38:00 AM
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