Conrad Black: IndictedHistorians in the News
tags: Conrad Black
Conrad Black, who once ran a media empire that included the Chicago Sun-Times, was indicted today on eight counts of mail and wire fraud. Three other former executives were also charged in a federal fraud indictment today involving the sale of several hundred Canadian newspapers.
Black, 61, fraudulently funneled $51.8 million to himself and three business associates, disguising them as “non-competition agreements” when he sold several hundred Canadian newspapers and half the National Post to CanWest for $2.1 billion in 2000, according to the indictment. He lied to Hollinger shareholders at the 2002 shareholders meeting to cover it up, the indictment states.
Black and one of the associates also are accused of misusing corporate perks, including a company jet for a vacation by Black and his wife in Bora Bora, two Park Avenue apartments in New York City, and corporate funds to throw a lavish birthday party for Black’s wife at La Grenouille restaurant in New York City.
The 2000 party for Black’s wife cost $62,000. Black kicked in $20,000 himself, but stuck Hollinger International with $42,000 of the bill, even though little if any business was involved, the indictment said. Wine and champagne at the affair ran $13,935. He served 80 dinners at $195 a plate.
comments powered by Disqus
- Pulling Back the Curtain on Industrial Toxins
- Did Abraham Lincoln sleep here?
- University of South Carolina unveils statue of first black professor
- Inside Billy Graham's Powerful Relationship With U.S. Presidents
- Children have changed America before, braving fire hoses and police dogs for civil rights
- The next president of the OAH will be ... Yale's Joanne Meyerowitz
- Top Ten Signs the US is the most Corrupt nation in the World (2018 Edn.)
- Seven Books Named as Finalists for the 2018 George Washington Prize
- McMaster could leave WH after months of tension with Trump
- AHA President Mary Beth Norton says ending sexual harassment is a high priority