A federal jury convicted fallen media tycoon Conrad Black and three of his former executives at Hollinger International on Friday of illegally pocketing money that should have gone to stockholders. Black was convicted of three counts of mail fraud and one count of obstruction of justice. He faces a maximum of 35 years in prison for the offenses, plus a maximum penalty of $1 million. He was acquitted of nine other counts, including racketeering and misuse of corporate perks.
July 16, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A federal jury convicted fallen media tycoon Conrad Black and three of his former executives at Hollinger International Inc. Friday of illegally pocketing money that should have gone to stockholders.
Black, 62, was convicted of three counts of mail fraud and one count of obstruction of justice. He faces a maximum of 35 years in prison for the offenses, plus a maximum penalty of $1 million.
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