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Black gets bail before sentencing Black gets bail before sentencing
(about 2 hours later)
Disgraced media tycoon Conrad Black has been told he can remain at liberty until his sentencing in November.Disgraced media tycoon Conrad Black has been told he can remain at liberty until his sentencing in November.
Black, facing up to 35 years in jail after being found guilty of fraud and obstruction of justice, has been released on bail of $21m. Black, facing up to 35 years in jail after being found guilty of fraud and obstruction of justice, has been released on bail of $21m (£10.3m).
Prosecutors had called for the British peer to be kept in custody, arguing that he may seek to flee the country.Prosecutors had called for the British peer to be kept in custody, arguing that he may seek to flee the country.
But Judge Amy St Eve imposed strict travel restrictions on him, confining him to Chicago and Palm Beach, Florida.But Judge Amy St Eve imposed strict travel restrictions on him, confining him to Chicago and Palm Beach, Florida.
November dateNovember date
Prosecutors argued that Black, who is appealing against his guilty verdicts, may flee to Canada and fight extradition back to the US.Prosecutors argued that Black, who is appealing against his guilty verdicts, may flee to Canada and fight extradition back to the US.
But Judge St Eve said there was "clear and convincing evidence" this would not happen.But Judge St Eve said there was "clear and convincing evidence" this would not happen.
Under the terms of his release, Black must not leave the US nor travel outside the Chicago area or Palm Beach, Florida where he has a residence.Under the terms of his release, Black must not leave the US nor travel outside the Chicago area or Palm Beach, Florida where he has a residence.
He is due to be sentenced on 30 November.He is due to be sentenced on 30 November.
Black was found guilty on four criminal counts relating to the theft of money from shareholders of Hollinger International, the newspaper business he once headed.Black was found guilty on four criminal counts relating to the theft of money from shareholders of Hollinger International, the newspaper business he once headed.