Ex-media mogul jailed for fraud

Conrad Black is sentenced to between six and a half and eight years in prison.

    Conrad Black maintains his innocence and has
    asked for a new trial [AFP]
    Prosecutors had wanted him sent to a federal prison for as long as 24 years.

    Along with two other Canadian executives and a Chicago lawyer, Black was found guilty of misappropriating $6m after a sell-off of newspapers owned by his company Hollinger International Inc and related deals.

    They were acquitted of nine charges that would have brought the total loss to $32m.

    Principal shareholder

    Before the sentence was imposed, Jeffrey Steinbach, Black's lawyer, said that the media mogul would not "knowingly harm the company" as it would cost him as its principal shareholder.
       
    "Those are not the actions of a robber," he said. 

    Steinbach also cited "scores and scores of letters" sent to court from friends, family and others extolling Black's virtues and urging mercy.

    Black, a member of the British House of Lords, was also found guilty of removing boxes of documents from his offices in Toronto to prevent investigators from seeing them.

    He has protested his innocence, claiming that he was the victim of "corporate governance zealots".

    Black's lawyer has said it would be a "miscarriage of justice" if the verdict stood and has asked for a new trial.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Interactive: Take a tour through divided Jerusalem

    Interactive: Take a tour through divided Jerusalem

    Take a tour through East and West Jerusalem to see the difference in quality of life for Israelis and Palestinians.

    Stories from the sex trade

    Stories from the sex trade

    Dutch sex workers, pimps and johns share their stories.

    Inside the world of India's booming fertility industry

    Inside the world of India's booming fertility industry

    As the stigma associated with being childless persists, some elderly women in India risk it all to become mothers.