Submitted by adam Ridolfi, Aug 15, 2008 19:49

The prosecutors froze enough of Conrad Black's assets and sought enough bail — among the highest in American history — that the press baron was unable to retain the type of corporate defense lawyer he would have otherwise hired to handle such a case. In a stunning victory, vindicated on nine of the 13 counts he faced. The jury found him not guilty of improperly using company funds If Conrad Black's conviction is allowed to stand, a precedent will be have been set that could leave thousands of executives of companies at the mercy of prosecutors with exceptionally... even unconstitutionally, broad discretion over what is and is not illegal behavior. Conrad Black was convicted for receiving management fees he was owed. For tax purposes in Canada, the money was described as a non-compete fee. That was fine with Canada and cost Hollinger no more or less. After all, the jury's verdict may mean only that Conrad Black was convicted for receiving management fees he was owed. For tax purposes in Canada, the money was described as a non-compete fee. That was fine with Canada and cost Hollinger no more or less.

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