This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/6898817.stm

The article has changed 3 times. There is an RSS feed of changes available.

Version 0 Version 1
Disgraced mogul Black 'to appeal' Disgraced mogul Black 'to appeal'
(about 2 hours later)
Disgraced media tycoon Conrad Black will appeal against his convictions for fraud, his lawyer has said. Disgraced media tycoon Conrad Black will appeal against his convictions for defrauding millions of dollars and obstructing justice, his lawyer says.
Black, 62, could face 35 years in jail for obstructing justice and defrauding investors in Hollinger International, once owner of the Daily Telegraph. Former Daily Telegraph owner Black, 62, faces up to 35 years in jail after a three-month trial in Chicago.
But his lawyer, Edward Greenspan, said he was confident there were "viable legal issues" to appeal against.But his lawyer, Edward Greenspan, said he was confident there were "viable legal issues" to appeal against.
The Chicago jury also convicted three of the UK peer's associates of three counts of fraud. The verdicts cap a remarkable fall from grace for Black, once one of the UK's most influential media figures.
Canadian-born Black, who was allowed to remain free on a $21m bond, was found guilty on three charges of fraud and one of obstructing justice. Canadian-born Black, who was allowed to remain free on a $21m (£10.5m) bond, was found guilty on three charges of fraud and one of obstructing justice.
The jury cleared him on charges of racketeering and tax evasion. The jury cleared him of eight further fraud counts and one charge of racketeering.
It only takes one fraud charge and the man is disgraced Joshua Rozenberg, Daily Telegraph Black: the charges Editor Robert Peston's blog Lord Black loses Tory whip In the period running up to the trial he managed to write and publish a 1,000-page biography of Richard Nixon Dominic LawsonFormer Sunday Telegraph editor Black: the charges Editor Robert Peston's blog Lord Black loses Tory whip
Judge Amy St Eve adjourned Black's bail proceedings until Thursday to allow his defence team to consult Canadian lawyers.Judge Amy St Eve adjourned Black's bail proceedings until Thursday to allow his defence team to consult Canadian lawyers.
Black, who gave up his Canadian citizenship to sit in the UK's House of Lords, is due to be sentenced on 30 November.Black, who gave up his Canadian citizenship to sit in the UK's House of Lords, is due to be sentenced on 30 November.
Mr Greenspan said: "We came here to face 13 counts. Conrad Black was acquitted of all the central charges. They have been dismissed.Mr Greenspan said: "We came here to face 13 counts. Conrad Black was acquitted of all the central charges. They have been dismissed.
"We believe, based on the conviction of the charges here, that the sentences for this type of offence are far less than what the government suggested.""We believe, based on the conviction of the charges here, that the sentences for this type of offence are far less than what the government suggested."
'Public interest''Public interest'
The jury took 12 days to reach a verdict, and prosecutor Patrick Fitzgerald said he was "gratified" by their decision.The jury took 12 days to reach a verdict, and prosecutor Patrick Fitzgerald said he was "gratified" by their decision.
Edward Greenspan said he would appeal against the convictions
"We think the verdict vindicates the serious public interest in making sure that when insiders in a corporation deal with money entrusted to them by the shareholders, that they not engage in self-dealing," he said."We think the verdict vindicates the serious public interest in making sure that when insiders in a corporation deal with money entrusted to them by the shareholders, that they not engage in self-dealing," he said.
Former colleagues of Black said he would find prison extremely difficult. Former colleagues of Black, who was boss of the global publishing group Hollinger International, said he would find prison extremely difficult.
Dominic Lawson, former editor of the Sunday Telegraph, told the BBC: "He is, as was made clear during the trial, used to a very luxurious life.Dominic Lawson, former editor of the Sunday Telegraph, told the BBC: "He is, as was made clear during the trial, used to a very luxurious life.
"On the other hand, you will have noticed that in the period running up to the trial he managed to write and publish a 1,000-page biography of Richard Nixon."On the other hand, you will have noticed that in the period running up to the trial he managed to write and publish a 1,000-page biography of Richard Nixon.
"So he's clearly someone who can write and work and think under extreme psychological pressure.""So he's clearly someone who can write and work and think under extreme psychological pressure."
Black ran one of the largest newspaper groups in the world It only takes one fraud charge and the man is disgraced Joshua RozenbergDaily Telegraph
Legal experts said that although he had been cleared on several charges, the convictions for fraud were damning. Black's biographer, Peter C Newman, said the tycoon would struggle to come to terms with his guilt.
"It only takes one fraud charge and the man is disgraced and finished," said Joshua Rozenberg, legal editor of the Daily Telegraph. "He can't understand why he didn't get away with it and why the court has done what it has done," he told the AP news agency.
Legal experts were doubtful about Black's chances of a successful appeal.
Andrew Stoltmann, a Chicago lawyer who was following the trial, said Black could be thankful he was not convicted on all counts.
"Certainly there are a whole bunch of appealable issues, but it's unlikely that he'll be successful," he said.
Joshua Rozenberg, legal editor of the Daily Telegraph, said that although he had been cleared on several charges, the convictions for fraud were damning.
"It only takes one fraud charge and the man is disgraced and finished," he said.
"He is clearly facing a lengthy prison sentence.""He is clearly facing a lengthy prison sentence."
Three of Black's associates - Jack Boultbee, Peter Atkinson and Mark Kipnis - were also found guilty of fraud at the end of the 16-week trial. Shareholders' money
The guilty verdicts cap a remarkable fall from grace for Black, once one of the UK's wealthiest and most influential media figures. Three of Black's associates - Jack Boultbee, Peter Atkinson and Mark Kipnis - were also found guilty of fraud.
The allegations focused on Hollinger's strategy of selling off small community papers in the US and Canada.
In return for promises that Hollinger would not return to compete with the new owners, Black and other executives pocketed $6m (£3m) in payments which should have gone to shareholders.
Black was also convicted of obstruction of justice after he was caught on film taking 13 boxes of documents from his Toronto office in defiance of a court order.
Hollinger's newspaper empire once spanned the globe, including titles such as the National Post of Canada and the Jerusalem Post.Hollinger's newspaper empire once spanned the globe, including titles such as the National Post of Canada and the Jerusalem Post.