Prosecutors told a federal jury a lot about media mogul Conrad Black's grand lifestyle at the expense of shareholders in the Hollinger International media empire he once ran, a lifestyle that defense attorneys feared would appeal to "class prejudice" among the jurors. But in the end, jurors ignored the glittering lifestyle and convicted Black on Friday of siphoning millions of dollars out of the corporate till in a series of paper transactions prosecutors called a "bold money grab."
July 16, 2007 at 12:00 AM
1 minute read
The original version of this story was published on National Law Journal
Prosecutors told a federal jury a lot about media mogul Conrad Black’s grand lifestyle at the expense of shareholders in the Hollinger International media empire he once ran.
There was the $62,000 birthday party for his wife, with shareholders unknowingly picking up most of the tab. A swanky New York apartment on Park Avenue. And a trip to the island of Bora Bora aboard Hollinger International’s corporate jet.
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