[JURIST] AP is reporting that former Hollinger International President and COO and former Chicago Sun-Times publisher David Radler has pleaded guilty to his role in diverting $32 million from Hollinger.
11:34 AM ET - Radler was indicted last month on federal mail and wire fraud charges [PDF indictment] and Tuesday's plea was widely expected [JURIST report]. Radler was charged with five counts of mail fraud and two counts of wire fraud; each count carries a maximum penalty of five years in prison. Details of the plea agreement are not yet available, but it is expected that Radler will testify against former Hollinger CEO Conrad Black, who is facing the prospect of criminal charges [JURIST report] for looting the company. Canadian Press has more.
4:17 PM ET - Radler pleaded guilty to one count of mail fraud and agreed to serve a 29-month jail term and pay a $250,000 fine, but will be sentenced after he cooperates with US prosecution of other cases relating to the alleged Hollinger fraud. Canadian Press has more.