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Swindler Conrad Black Out On Bail

July 19, 2010

Bites.

Just for those who may not know who Conrad Black is…..

Black controlled Hollinger International, Inc. Through affiliates, the company published major newspapers including The Daily Telegraph (UK), Chicago Sun Times (USA), Jerusalem Post (Israel), National Post (Canada), and hundreds of community newspapers in North America.

A federal appeals court has granted bail to jailed former media mogul Conrad Black pending an appeal of his fraud conviction.

Black’s lawyers were granted the motion for bail Monday by the U.S. Court of Appeals for the 7th Circuit.

The British baron and three other former executives from the Hollinger International media empire were convicted in July 2007 of swindling the company’s shareholders out of $6.1 million.

But last month, the Supreme Court weakened the “honest services” law that was central to Black’s fraud conviction. The justices left it up to a lower court to decide whether the conviction should be overturned.

Black has served more than two years of a 6 1/2-year sentence. A call to his attorney was not immediately returned Monday.

One Comment
  1. Ferrell Gummitt permalink
    July 20, 2010 11:41 AM

    The Sun-Times wound being bought for a garage sale price because of what Conrad Black and his posse did.

    And it is still hanging by the tiniest of threads.

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