Conrad Black Faces New Charges
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
Conrad Black, the former chairman of Hollinger International who is accused of helping steal $51.8 million from the company, was indicted on new charges of money laundering, racketeering, wire fraud, and obstruction of justice.
Lord Black, 61, was charged in November with eight counts of mail and wire fraud for allegedly diverting proceeds from the sale of Hollinger assets to himself and associates. He has pleaded not guilty to those counts, each of which carries a potential prison term of five years and a $250,000 fine.
The ex-chief financial officer of Hollinger, John Boultbee, 62; former Hollinger general counsel, Peter Atkinson, 58, and former Hollinger corporate counsel, Mark Kipnis, 58, were also indicted in November, along with Ravelston, Lord Black’s former company. All have pleaded not guilty.
[Hollinger International is a minority owner of The New York Sun.]
The former president of Hollinger David Radler, 63, was indicted on August 18 on charges that he participated in a $32 million fraud and later pleaded guilty. He’s cooperating with the Justice Department.
Lord Black has fought a two-year effort by Hollinger International to neutralize his control over the Chicago-based publisher that started with an internal company investigation in 2003.