Black Convicted of Fraud

Tycoon to be sentenced on multiple counts of fraud, obstruction
By Greg Atwan,  Newser Staff
Posted Jul 13, 2007 11:11 AM CDT
Black Convicted of Fraud
Conrad Black, former head of the Hollinger International Inc. newspaper empire, arrives at the federal building in Chicago, Friday, July 13, 2007, where the jury has reached a verdict in his fraud and racketeering trial. (AP Photo/M. Spencer Green)   (Associated Press)

A federal jury convicted British Lord and former media baron Conrad Black on three counts of fraud and one of obstruction of justice today. Black dodged a racketeering charge, while three associates on trial with him were convicted of multiple fraud counts after 12 days of deliberation.

Black faces up to 35 years in prison and $1 mil in fines, though the US district court is expected to release him on bond pending his imminent appeal. Black is the former chairman of Hollinger International, a media empire from which he stole millions in unauthorized payments. (More Conrad Black stories.)

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