www.expressindia.com - Weather | Horoscope | Stocks | RSS
expressindia web city
HomeBlogsCricketAstrology TendersClassifieds Reader Comments Hotels
Sign In / Register | Archive
Expressindia » Story

Media baron Conrad Black starts jail term for fraud

Font Size

Agencies

Posted: Mar 04, 2008 at 0758 hrs IST

Washington, March 4: Disgraced media baron Conrad Black, who once counted politicians and popstars among his entourage, began a six-and-a-half year jail term imposed for multi-million dollar fraud, officials said.

"He reported today to a low security prison in Coleman, Florida," Mike Truman, spokesman for the Federal Bureau of Prisons said on Monday.

Black, who has appealed his conviction imposed in July by a federal court in Chicago, was ordered to wait out the rest of the appeal in jail.

The 63-year-old, who once ran the world's third largest media empire with such titles in his stable as Britain's Daily Telegraph and the Chicago Sun-Times, is now prisoner 18330-424 in the Coleman jail, some 80 kilometers northwest of Orlando.

It marked the climax to his spectacular fall which began when Black was charged with raiding the coffers of his once mighty newspaper empire, Hollinger, and trying to cover up his crime.

He was found guilty of four counts of fraud for misappropriating some USD 60 million of shareholder funds during the sale of Hollinger to the Canadian press group Canwest in 2000, and one count of obstruction.

His conviction for obstruction of justice was based on a surveillance videotape that caught him loading boxes of documents from his Toronto office into his car after the Securities and Exchange Commission notified him he was under investigation.

Besides his six-and-a-half year prison term, Black in December was also sentenced to pay a USD 125,000 fine and a forfeiture of USD 6.1 million.

"You've committed a very serious crime, Mr. Black," Judge Amy St Eve said when she imposed the lowest sentence under the sentencing guidelines.

Discuss this story on expressindia forums
Post Comments
Name* Email ID*
Subject* Country*
Message*
Characters remaining
 
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.

Latest News

Business

Showbiz

Sports

No procedure, justice applied in deciding my age: Army chief

Let us not be over-sensitive about India, China ties: Krishna

After Guj HC snub, Modi takes Lokayukta row to apex court

JuD claims Imran Khan will attend its 'Defence of Pakistan' rally

Team Anna to kick start its campaign from Haridwar on Jan 21

Have foiled coup attempt to overthrow govt: Bangladesh Army

Jarawa video case: Police arrest 2 persons

More
© 2011 The Indian Express Limited. All rights reserved
Advertise With Us | Privacy Policy | Feedback | Express Group | Site Map