Panel Says Conrad Black Ran a 'Corporate Kleptocracy'
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Conrad Black and other controlling shareholders of Hollinger used $400 million for personal perks, a new report says.
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Jurors at Conrad Black's fraud trial watched video tapes on Tuesday showing the former media baron and his chauffeur removing boxes from his Canadian offices the same day U.S. securities regulators say they told Black's lawyer he would have to surrender some records.
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SEATTLE -- Hollinger Inc. , the media company controlled by Conrad Black, said an Ontario judge ordered an investigation of its business dealings that had been sought by a shareholder, adding to the scrutiny of Black's companies.
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Federal prosecutors summing up their fraud case against Conrad Black on Monday can offer the jury two theories to convict the former press baron: that he conceived and led a scheme to bilk millions from his company, or that he deliberately avoided knowing about it while filling his pockets.
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Conrad Black is just as guilty of a multimillion dollar theft, and of lying about it, as his one-time business partner who already admitted guilt, prosecutors told jurors in final arguments on Monday at the former media baron's criminal fraud trial.
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Newspaper tycoon Conrad Black and his top lieutenant were charged by regulators on Monday with siphoning more than &#36;85 million from the company they ran, and they face a move to bar them from serving as officers of a public company.
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After a year of battling shareholders and his own board of directors, media magnate Conrad Black found himself facing a more fearsome enemy Monday: the US government.
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The US Securities and Exchange Commission has accused Conrad Black and his Vancouver partner, David Radler, of defrauding Hollinger International Inc.
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U.S. regulators on Monday charged  newspaper tycoon Conrad Black and his top lieutenant with  siphoning more than $85 million from the company they ran and  moved to bar them from serving as officers of a public company.
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Conrad Black and other controlling shareholders used corporate funds for personal perks, a new report says.
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Fallen press baron Conrad Black goes on  trial this week in Chicago, insisting that charges of pilfering  $84 million in proceeds from his crumbling media empire  represent the persecution of the powerful.
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NEW YORK -- The US Securities and Exchange Commission filed a lawsuit yesterday against Conrad Black and his top deputy, accusing them of using the newspaper company they ran as their &quot;personal piggy bank&quot; over a period of four years.
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Sep-1-2004 - Conrad Black, the former CEO of Hollinger International, boldly and methodically abused his power to pocket millions of dollars that should have gone to the company, an internal investigation revealed.
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A jury has begun deliberating on the fate of the fallen press baron Conrad Black, who could face decades in prison if convicted of masterminding the theft of $60m from his Hollinger media empire.
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Conrad Black, the former chairman of the Telegraph Group, used his American publishing company as a &quot;piggy bank&quot; to fund the personal life of himself and his wife, Barbara Amiel, it was alleged yesterday.
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The jury in the criminal fraud trial of former media mogul Conrad Black said on Tuesday it was deadlocked in trying to reach a unanimous decision against the four defendants, but the judge presiding over the trial ordered the panel to resume deliberations.
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Former Hollinger International Inc.  HLR.N Chief Executive Conrad Black and other controlling  shareholders used more than $400 million of corporate funds for  personal perks including private jets and club memberships,  according to a report filed on Tuesday.