World

Conrad Black found guilty of 4 charges

by ryan | July 13, 2007 at 07:39 am

587 views | 12 Recommendations | 8 comments

After 12 days of deliberation the jury has finally reached a verdict in the Conrad Black trial.

Conrad Black has been found guilty on 4 charges and not guilty on 9 charges

Lord Black was charged with 13 counts of fraud, racketeering, obstruction of justice and tax evasion.

He was named in nine fraud charges — six related to the non-competition agreements and three concerned Lord Black's alleged use of company funds to cover personal expenses.

According to CBC TV it is likely that Black could be sent to prison for up to 30 years, but will likely only serve 3 to 9 years. And becuase the sentence is less than 10 years he can serve his time in a minimum security prison. CBC reports that Black was found guilty on 3 counts of mail fraud and 1 count of obstruction of justice.

0 See all footage | View Slideshow

Share: email story | add to any | | facebook | stumbleupon

recommend This comment thread is now closed

ryan

at 07:40 on July 13th, 2007

extensionsofman

at 08:04 on July 13th, 2007

This an important decision. Mail fraud IS a crime and Black should pay the price for his actions. There should also be no excuse in either the US or Canada for such behavior. NP has again been there to get out the breaking story.

Actual News Geezer

at 08:12 on July 13th, 2007

There will be joy among the newsrooms of Canada; Lord Black of Crossharbour was generous in his contempt for the ink-stained wretches and they will respond with glee to his misfortune. Obfuscate.

forothers

at 08:15 on July 13th, 2007

I'm sure there was crime and mismanagement happening....Happens in all kinds of companies and corporations. The Canadian and Even so the United States Government and many around the world are not good examples to follow and should be placed on trial.

I only followed bits of the trial, the fact that the defence made a deal with David Radler,and he will spend very little in a Canadian Jail makes it hard to believe anything the prosecutors had to say.

I think somewhere along the way, Lord Black pissed of Governments, especially the United States and thus charges came to light.

Great post Ryan, Congrads on posting the Breaking story!

Jordan Yerman

flagged this story as Good Stuff

at 08:18 on July 13th, 2007

"Schadenfreude" is the word, I think. Black did himself no favors by constantly belittling those of a lower "class" than himself. Still, though, his prison sentence will be served in far cushier conditions by those in lower economic strata who get busted for less serious offenses.