Former newspaper mogul Conrad Black, already accused of fraud, was indicted by federal prosecutors Thursday on additional charges including...
CHICAGO — Former newspaper mogul Conrad Black, already accused of fraud, was indicted by federal prosecutors Thursday on additional charges including racketeering and obstruction of justice. He now faces a maximum prison sentence of 95 years if convicted.
The new charges came two weeks after Black pleaded not guilty to charges related to the alleged looting of more than $80 million from Hollinger International, the newspaper empire he once controlled.
The charges were brought in an indictment returned by a federal grand jury in Chicago and announced by U.S. Attorney Patrick Fitzgerald’s office.
Black’s former chief financial adviser, John Boultbee, also faces one new count of wire fraud in addition to the eight fraud counts he was charged with last month. Charges brought against co-defendants Peter Atkinson, Mark Kipnis and Ravelston, the Canadian company that Black used to gain control of Hollinger International, remained unchanged.
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Toronto attorney Edward Greenspan, Black’s defense lawyer, said his client was innocent.
The former Hollinger executives are accused of cheating on taxes, looting millions from the company through a series of fraudulent payments linked to the sale of several hundred U.S. and Canadian publishing properties, and misusing company perks such as taking the corporate jet for vacation.