Conrad Black, cronies "looted" company of 400 million
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Media tycoon Conrad Black and his allies looted the company he created to manage a global publishing empire of more than 400 million dollars since 1997, a report prepared for US court and regulators showed.
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Conrad Black on Friday threatened to file âimminentlyâ aC$1.1 billion ($873 million) lawsuit against a special committee of Hollinger Internationalâs board for defamation, following the release of a scathing report into his conduct.
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Media tycoon Conrad Black is convicted on charges of fraud and obstructing justice but is cleared of racketeering.
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Disgraced press baron Conrad Black faces a lengthy jail term in America after being convicted of embezzling $6m.
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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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Press tycoon Conrad M. Black and other top Hollinger International Inc. officials pocketed more than $400 million in company money over seven years and Black's handpicked board of directors passively approved many of the transactions, a company investigation concluded.
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Fallen newspaper tycoon Conrad Black's conviction on Friday on fraud and obstruction of justice charges was the latest chapter in a five-year-old U.S. crackdown on corporate wrongdoing that started off strong but has suffered some embarrassing setbacks.
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Conrad Black, the former head of a newspaper empire, was convicted today of mail fraud and obstruction of justice but acquitted of several other counts.
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A new report slams Conrad Black and other controlling shareholders of Hollinger International for &quot;self-righteous, and aggressive looting&#39;&quot; to a tune of more than $400 million US over a seven-year period to satisfy their &quot;ravenous appetite for cash&quot;.
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CHICAGO, June 18 -- A prosecutor accused media mogul Conrad Black and three other former Hollinger International newspaper executives Monday of systematically stealing $60 million from the company and creating an elaborate paper trail to hide the theft from shareholders.
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Between 1997 and 2003, Conrad Black and his associates personally received in cash up to 92.5 percent of Hollinger&#39;s entire adjusted net income -- much of it to keep the various Black households
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US 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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US regulators on Monday charged newspaper tycoon Conrad Black and his top lieutenant with siphoning more than $85 million from the Chicago-based company they ran and moved to bar them from serving as officers of a public company.
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A top ally of Conrad Black savaged a report into alleged looting of the tycoon's media empire, as the Canadian newspaper world feasted on the downfall of a man it once feared.
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Conrad Black, the former chairman of Hollinger International Inc., was accused of looting the company he created of $85 million in a federal lawsuit that seeks to block him from keeping control of the company.
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A new expression has entered the Scandal lexicon in the last week. The hard-hitting internal report from Hollinger International referring to the way that Conrad Black allegedly ran the company described it as being a âcorporate kleptocracyâ.
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Conrad Black has had one of Canada&#39;s most colourful business careers. But his fortunes have taken a tumble in the last 18 months.