Arab Today, arab today former media mogul conrad black sent back to prison for 13 months
Last Updated : GMT 06:11:08
Arab Today, arab today
Arab Today, arab today

Former media mogul Conrad Black sent back to prison for 13 months

Arab Today, arab today

Arab Today, arab today Former media mogul Conrad Black sent back to prison for 13 months

Chicago - Arabstoday

Prison has not eased Conrad Black’s contempt for the federal government’s prosecution of him, and the former media mogul will have 13 more months to seethe behind bars. Black, the onetime jet-setting chief executive of a vast newspaper empire, appeared in a Chicago courtroom Friday to see if he would return to prison. He had exhausted his legal appeals, including a trip to the U.S. Supreme Court, in fighting his 2007 conviction for defrauding shareholders of Chicago-based Hollinger International Inc., former owner of the Chicago Sun-Times. The appeals process, which resulted in his release from a Florida prison last year, left him guilty of fraud and obstruction of justice among the 15 charges brought against him. Standing before the judge, Black, 66, remained unapologetic, blaming corporate governance zealots and overreaching prosecutors for his and Hollinger’s downfall. He was defiant even as he sought mercy from the judge. He hoped that the 29 months he had served of his original six-and-a-half-year prison sentence would be enough punishment, considering what little remained of the prosecutor’s case, his age and health ailments, including a cancerous lesion recently removed from his face. "I am a seeker of justice," Black told U.S. District Judge Amy St. Eve, adding, "I do ask for the avoidance of injustice which lies entirely within your gift." St. Eve, who presided over his 2007 trial, sent him back to prison for roughly a year to finish a reduced sentence of 42 months. St. Eve, a former prosecutor, said the new sentence will send a message to corporate America that executives should think twice before violating their duty to shareholders. Black’s lack of contrition also left an impression on the judge. "I’m still scratching my head as to why you engaged in this conduct," St. Eve said. "I told you that the last time." Black stood stoically as he received the news. But his wife, Barbara Amiel Black, 70, who was seated on a front-row pew, fainted when the judge announced the sentence. Security officers rushed to her as the judge continued talking to her husband. She later stood and walked out of court with the assistance of a medical crew. It was a dramatic conclusion to a legal spectacle that started in 2003, when the Canadian-born Black was forced to resign as Hollinger International’s CEO amid allegations he and other executives had pocketed millions of dollars in unauthorized payments. The scandal grew as an independent investigation by former Securities and Exchange Commission chairman Richard Breeden described Hollinger as a "corporate kleptocracy" with little oversight from a passive board that included former Illinois Gov. James Thompson. Civil suits piled up and stock in Hollinger, which in addition to the Sun-Times owned the London Telegraph and dozens of other newspapers, quickly tanked. In September 2005, Black’s close associate, David Radler, former Sun-Times publisher, pleaded guilty to fraud and agreed to cooperate with the U.S. attorney’s office in Chicago. A few months later, federal prosecutors filed charges against Black and three executives, alleging a wide-ranging scheme that cheated shareholders of tens of millions of dollars through bogus noncompete agreements and the misuse of corporate perks. The obstruction of justice charge against Black was later added, when he removed 13 boxes of documents from his Toronto office after he was warned not to do so. Black fiercely contested the charges, calling the evidence "flimsy" and referring to the team of federal prosecutors as "Nazis." Prosecutors dismissed two of the charges before trial. A jury convicted Black of obstruction and three counts of fraud but found him not guilty on nine charges, deciding he was responsible for $6.1 million in losses and not the $32 million prosecutors alleged. "This case was sold as another Enron or Tyco, and Black was cartooned as an outsized, greedy schemer," said Hugh Totten, a Chicago lawyer who observed the trial. "It frankly limped across the finish line and instead of a big corporate scalp on the wall, there’s a few hairs." At his first sentencing in 2007, Black did not apologize and vowed to show his innocence. He appealed the verdict to the Supreme Court, arguing that it was not certain whether the jury had found him guilty of the fraudulent misappropriation of money or failing to disclose the bogus fees to shareholders, which would be in violation of the honest-services section of federal fraud laws. In a landmark decision last year, the court sharply limited the honest-services law and told the U.S. Court of Appeals for the 7th Circuit in Chicago to take another look at Black’s case. He was freed on bail in July pending appeal. In October, the appellate court vacated two of his fraud convictions. It upheld Black’s convictions on obstruction and one fraud count in which he and other executives took $600,000. Federal prosecutors declined to retry Black, but they wanted the judge to reimpose his 78-month sentence. St. Eve cut his sentence nearly in half, citing his exemplary conduct in prison tutoring other inmates. At Friday’s hearing, Black criticized prosecutors for the "disintegration" of their case, calling it a "massive overreaching." He blamed Breeden for including a "great many fantastical allegations" in his report that he said ultimately tainted public opinion against him and resulted in the loss of massive shareholder value. He said he had nothing to do with the collapse of Hollinger. He continued his rant by saying he regretted trusting Radler. "I have always tried to take success like a gentleman and disappointment like a man," he told St. Eve. The closest he came to accepting responsibility for his actions was when he said, "I accept that a reasonable person could conclude that I am guilty." He quickly added that he also believed the same reasonable person could conclude he had been "adequately punished." After sentencing, Assistant U.S. Attorney Julie Porter said: "The defendant has never accepted responsibility for his own conduct, his own actions and the consequences they had for this company, which were very extreme." Black said he and his family have suffered deeply in the eight years since he left Hollinger. He closed his 20-minute speech by reciting most of the poem "If" by Rudyard Kipling, which opens: "If you can keep your head when all about you/Are losing theirs and blaming it on you." Former Gov. Rod Blagojevich quoted from the same poem after he was named in a federal complaint. Boston Herald

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today former media mogul conrad black sent back to prison for 13 months Arab Today, arab today former media mogul conrad black sent back to prison for 13 months


Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 05:13 2017 Tuesday ,14 February

Sharjah TV begins 3rd season of Sharjah Junior Munshid

GMT 03:43 2017 Saturday ,11 February

National Media Council's New Logo Launched

GMT 15:06 2017 Friday ,10 February

383 violations against media freedoms during 2016

GMT 15:33 2017 Thursday ,09 February

Egypt backs Trump’s media criticism

GMT 01:44 2017 Wednesday ,08 February

Dubai Media City and Thomson Reuters host blood drive
View News in Arabic - Media: آخر الأخبار
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday