A Collaboration with the University of Pittsburgh

Conrad Black found guilty of mail fraud, obstruction of justice

[JURIST] Canadian-born financier and former media mogul Conrad Black [JURIST news archive; CBC profile] was convicted of mail fraud and obstruction of justice by a Chicago jury Friday after twelve days of deliberations that included a deadlock [JURIST report]. His conviction on three counts could lead to a maximum sentence of 35 years in prison, and fines of up to $1 million. Black, now a British peer, was found not guilty on separate charges of racketeering, wire fraud, and tax evasion. Co-defendants Jack Boultbee, Mark Kipnis, and Peter Atkinson were also convicted on the mail fraud charges, and face up to 15 years in prison each, with fines of up to $750,000. Judge Amy St. Eve [official profile] of the US District Court for the Northern District of Illinois [official website] will sentence the men November 30.

Black, former chairman of Hollinger International [corporate website], faced 17 counts of fraud, obstruction of justice, racketeering and tax evasion. He was accused [indictment, PDF] by the US government of diverting more than $80 million from the company and its shareholders [JURIST report] during Hollinger's $2.1 billion sale of several hundred Canadian newspapers. CBC News has more. The Financial Times has additional coverage.

About Paper Chase

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

© Copyright JURIST Legal News and Research Services, Inc., 2013.