Posted on 11/18/2005 5:02:16 AM PST by Flavius
CHICAGO, Nov. 17 -- Disgraced international press tycoon Conrad M. Black, who stepped down as head of his media empire in 2004 after he and other executives were accused of looting the company, was indicted Thursday on eight counts of wire and mail fraud.
U.S. Attorney Patrick J. Fitzgerald said Black -- who renounced his Canadian citizenship in 2001 to accept a British lordship -- "lived large" off of company shareholders, helping to steal $51.8 million from Hollinger International Inc., which owns the Chicago Sun-Times and once owned the Jerusalem Post, London's Daily Telegraph and hundreds of smaller newspapers in the United States and Canada.
(Excerpt) Read more at washingtonpost.com ...
Heard something about this on the radio coming home from work early this morning.
Apparently Mr Black was getting away with this until some US stockholders started asking questions and got our government involved. Canada and the stockholders there had done nothing and never asked where almost 52 millon had gone. This was OK by them I guess..
The show was BBC I think, had the author of a book called "The Fall of Black" or something like that.
another influential conservative, another fitzmas. looks like it is 51 pubs and 2 dems now.
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