you gots 2 chill
12-10-2007, 01:23 PM
Are we angry about this?
CHICAGO - Former newspaper mogul Conrad Black on Monday was sentenced to 6 1/2 years in prison, the lightest punishment he faced for swindling shareholders in his Hollinger International media empire out of millions of dollars to support his lavish lifestyle.
Federal prosecutors had called for the 63-year-old Canadian-born member of the British House of Lords to be sentenced to up to 24 years, but guidelines determined earlier Monday set a range between 6 1/2 and slightly more than 8 years.
Unlike a bank robber who steals from strangers, "Mr. Black stole money from people he did know ... he stole money from people who put their trust in him," said Sussman, who added that Black continues to insist he did nothing wrong and "will continue with this conduct again if given the chance."
Also convicted on the fraud counts were Jack Boultbee, 64, former Hollinger chief financial officer; Peter Atkinson, 60, former Hollinger executive vice president, and Mark Kipnis, former Hollinger corporate counsel.
CHICAGO - Former newspaper mogul Conrad Black on Monday was sentenced to 6 1/2 years in prison, the lightest punishment he faced for swindling shareholders in his Hollinger International media empire out of millions of dollars to support his lavish lifestyle.
Federal prosecutors had called for the 63-year-old Canadian-born member of the British House of Lords to be sentenced to up to 24 years, but guidelines determined earlier Monday set a range between 6 1/2 and slightly more than 8 years.
Unlike a bank robber who steals from strangers, "Mr. Black stole money from people he did know ... he stole money from people who put their trust in him," said Sussman, who added that Black continues to insist he did nothing wrong and "will continue with this conduct again if given the chance."
Also convicted on the fraud counts were Jack Boultbee, 64, former Hollinger chief financial officer; Peter Atkinson, 60, former Hollinger executive vice president, and Mark Kipnis, former Hollinger corporate counsel.