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Black to serve up to eight years Black gets six-and-a-half years
(about 1 hour later)
Former media tycoon Conrad Black has been told he is likely to spend between six-and-a-half and eight years in jail. Former media tycoon Conrad Black has been sentenced to six-and-a-half years in prison.
Judge Amy St Eve told Black that the guidelines for his offences were between 78 and 97 months and will give an exact figure later. The sentence was at the lower end of the guidelines outlined by the judge, Amy St Eve.
She also decided that Black would not be treated as the fraud's organiser. With his business associates, Black was convicted of stealing millions of dollars from shareholders of Hollinger International of which he was chairman.
Along with business associates, Black was convicted of stealing millions of dollars from shareholders of Hollinger International.
Black still professes his innocence and is appealing against the convictions for fraud and obstructing justice.
The maximum total sentence for the crimes of which the Chicago court found him guilty is 35 years.The maximum total sentence for the crimes of which the Chicago court found him guilty is 35 years.
Black and his associates were found guilty of paying themselves tax-free bonuses from the sale of newspaper assets without the approval of the company's board. Black still professes his innocence and plans to appeal against the convictions for fraud and obstructing justice.
He and his associates were found guilty of paying themselves tax-free bonuses from the sale of newspaper assets without the approval of the company's board.
In addition, Black was convicted on one count of obstructing justice, after being recorded on tape removing documents from his office in Toronto after US regulators had informed him he was under investigation.In addition, Black was convicted on one count of obstructing justice, after being recorded on tape removing documents from his office in Toronto after US regulators had informed him he was under investigation.