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20/07/2010
Conrad Black Bailed Pending Appeal
Former media tycoon Conrad Black has been released from prison on bail, pending an appeal against his conviction for fraud.
The 65-year-old British peer was sentenced to six-and-a-half years in prison in 2007 after he and three other former executives of media holding company Hollinger International were found guilty of swindling the company out of $6.1 million.
Canadian-born Black, who was the company's Chairman, and his colleagues were convicted of defrauding the company's shareholders, while Black was also convicted of one court of obstructing justice.
He has always denied the charges.
Hollinger International was one of the world's largest media companies, owning titles such as the Jerusalem Post, the UK's Daily Telegraph and Chicago Sun-Times.
Last month, the US Supreme Court ruled that the federal fraud law which was used in such cases was too broad in its scope.
It is not yet known when Black, who is currently being held in a low-security prison in Florida, will be released.
(KMcA/GK)
The 65-year-old British peer was sentenced to six-and-a-half years in prison in 2007 after he and three other former executives of media holding company Hollinger International were found guilty of swindling the company out of $6.1 million.
Canadian-born Black, who was the company's Chairman, and his colleagues were convicted of defrauding the company's shareholders, while Black was also convicted of one court of obstructing justice.
He has always denied the charges.
Hollinger International was one of the world's largest media companies, owning titles such as the Jerusalem Post, the UK's Daily Telegraph and Chicago Sun-Times.
Last month, the US Supreme Court ruled that the federal fraud law which was used in such cases was too broad in its scope.
It is not yet known when Black, who is currently being held in a low-security prison in Florida, will be released.
(KMcA/GK)
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