India | UK | US

Conrad Black faces maximum of about 8 years: judge

CHICAGO (Reuters) - A U.S. judge on Monday told former media mogul Conrad Black he could face as much as roughly eight years in prison for obstructing justice and defrauding shareholders of one-time newspaper publishing giant Hollinger International Inc.
Posted : Mon, 10 Dec 2007 17:53:05 GMT
By : Reuters
Category : US (Business)
News Alerts by Email ( click here )
US Business News | Home
CHICAGO (Reuters) - A U.S. judge on Monday told former media mogul Conrad Black he could face as much as roughly eight years in prison for obstructing justice and defrauding shareholders of one-time newspaper publishing giant Hollinger International Inc.

Judge Amy St. Eve of the U.S. District Court said 78 to 97 months - or 6.5 years to roughly eight years - was the range of prison time he faced under guidelines when sentence is imposed later on Monday. His sentencing hearing is ongoing in federal court.

She told the 63-year-old Black that he has not "accepted" his guilt, that he abused the trust of shareholders and engaged in sophisticated schemes that required more than minimal planning.

Black, wearing a blue suit, sat stone-faced leaning back with his hands folded and his thumbs pressed together as she spoke.

He had protested his innocence throughout, claiming he was the victim of "corporate governance zealots," and promised to appeal the jury verdict that was reached in July.

The Canadian-born member of Britain's House of Lords was found guilty of one count of obstructing justice and three counts of fraud.

(Reporting by Andrew Stern, Editing by Mike Conlon, Peter Bohan and Derek Caney)


(c) Reuters 2007. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

Share/Save/Bookmark

Article : Conrad Black faces maximum of about 8 years: judge
Print this article
Email this article

Stay Updated
News gadget on your Google homepage
Subscribe to a news feed in Google Reader


Related News

US economists: 'Jobless' recovery to reach bottom at start of 2010
Washington - The US economy will start adding jobs some time in the first quarter of 2010, ending a so-called jobless recovery that has plagued the world's largest economy since the summer months, according to a survey released Monday. But the Nati...

Hershey, Nestle, sweeten war for Cadbury
Washington - Hershey and Nestle are expected to jump into the war over Cadbury sweets, media reports said Saturday, just weeks after the British-based stalwart rejected a hostile bid by US Kraft Inc. The growing market for chocolate in the developing...

US stock drop slightly on Dell profits, mixed for week
New York - Technology and energy shares pushed US stocks lower Friday, capping a mixed week for investors amid unease about the pace of the world's economic recovery. Tech stocks slid after a disappointing earnings report from computer giant Dell, wh...

GM: Opel restructuring plan by mid-December; cuts up to 25 per cent
Washington - US carmaker General Motors will present a new restructuring plan for its European operations by mid-December, Nick Reilly, the new head of GM Europe, wrote on his new blog Friday. While the details were still being hashed out, Reilly war...

US stock sell-off on fears of weak recovery
New York - US stocks followed global markets in a broad decline amid investor fears over the world's uneasy recovery from recession. Major US stock indices fell about 1 per cent on average, following hefty declines in the DJ Euro Stoxx 50 and Japan's...

US leading economic indicator gains 0.3 per cent
Washington - A key measure of US economic performance gained in October, according to a private research group Thursday, signalling that a broader recovery may be taking hold. The New York-based Conference Board's Leading Economic Index added 0.3 per...

US stocks fall slightly on technology earnings
New York - US stocks posted modest losses Wednesday on poor profit forecasts from technology firms and a surprising dip in home construction. Earnings from Salesforce.com and Autodesk were worse than expected. Other technology shares losing ground in...

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 

 

More US (Business) News click here
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark

 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.