Ex-Hollinger CEO sues US government over money seizure

[JURIST] Former media magnate Conrad Black [CBC profile] is suing the US government, alleging the Federal Bureau of Investigation [official website] improperly seized nearly $9 million of his money. In a lawsuit filed Wednesday in Chicago, Black claimed the funds were seized without legal basis, and added that he needed to use the money to defend against possible impending fraud charges over his role at Hollinger International [corporate website]. Black, the former CEO of Hollinger, has been accused of diverting company funds for personal use [JURIST report] to the tune of over $400 million. Black has countersued Hollinger International for defamation and libel [JURIST report] and has continually maintained his innocence. The FBI seized the money from Black last month, alleging the proceeds constituted part of a larger "fraud scheme." CBC has more.

 

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