GO DIRECTLY TO JAIL, DISGRACED PUBLISHER CONRAD BLACK TOLD
December 10th 2007 22:20
The Chicago Tribune reported overnight that “Conrad Black, the disgraced businessman who once headed one of world's largest newspaper empires, was sentenced Monday to 78 months in a federal prison for stealing millions of dollars from his company.”
Judge Amy St. Eve also ordered him to forfeit US$6.1 million in ill-gotten profits and to pay a $125,000 fine.
The Tribune said, “Her ruling represents the minimum jail sentence Black cold have received, however, and it will allow him to keep his Florida mansion, as well as the proceeds from the sale of his New York apartment.
Because US federal law requires defendants to serve a minimum of 85 percent of the prison sentence they receive, Black won't be eligible for parole until 2012. He will enter prison on March 3 at Eglin Air Force Base in Florida.
- From MediaBlab by Peter Olszweski via Factiva
Judge Amy St. Eve also ordered him to forfeit US$6.1 million in ill-gotten profits and to pay a $125,000 fine.
The Tribune said, “Her ruling represents the minimum jail sentence Black cold have received, however, and it will allow him to keep his Florida mansion, as well as the proceeds from the sale of his New York apartment.
- From MediaBlab by Peter Olszweski via Factiva
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