Conrad Black: IndictedHistorians in the News
tags: Conrad Black
Conrad Black, who once ran a media empire that included the Chicago Sun-Times, was indicted today on eight counts of mail and wire fraud. Three other former executives were also charged in a federal fraud indictment today involving the sale of several hundred Canadian newspapers.
Black, 61, fraudulently funneled $51.8 million to himself and three business associates, disguising them as “non-competition agreements” when he sold several hundred Canadian newspapers and half the National Post to CanWest for $2.1 billion in 2000, according to the indictment. He lied to Hollinger shareholders at the 2002 shareholders meeting to cover it up, the indictment states.
Black and one of the associates also are accused of misusing corporate perks, including a company jet for a vacation by Black and his wife in Bora Bora, two Park Avenue apartments in New York City, and corporate funds to throw a lavish birthday party for Black’s wife at La Grenouille restaurant in New York City.
The 2000 party for Black’s wife cost $62,000. Black kicked in $20,000 himself, but stuck Hollinger International with $42,000 of the bill, even though little if any business was involved, the indictment said. Wine and champagne at the affair ran $13,935. He served 80 dinners at $195 a plate.
comments powered by Disqus
- Critical Race Theory Battle Invades School Boards — with Help from Conservative Groups
- The Rise and Fall of an American Tech Giant
- ‘Cynical and Illegitimate’: Higher-Ed Groups Assail Legislative Efforts to Restrict Teaching of Racism
- Congress Is Poised To Take Back Some Of Its War Powers From The President
- Racist Mural Puts Tate Galleries in a Bind
- Capitalism American-Style: A Financial History of the United States
- Event: History Matters with Annette Gordon-Reed, Historian & Author, “On Juneteenth” (Friday, June 18)
- The Freeing of the American Mind
- Lost Cause: 50 Years of the Drug War in Latin America
- Amazon’s Greatest Weapon Against Unions: Worker Turnover