There was a colossal bankruptcy, 50,000 people lost their jobs, tens of billions of dollars were lost and there was a $4 billion accounting fraud. Keep a little perspective, guys.
"Conrad Moffat Black, Baron Black of Crossharbour", is a Canadian-born British former newspaper publisher and writer. He is a Non-affiliated members of the House of Lords/non-affiliated life peer, and a convicted felon in the United States for fraud. Black controlled Sun-Times Media Group/Hollinger International, once the world's third-largest English-language newspaper empire, which published The Daily Telegraph (UK), Chicago Sun Times (U.S.), The Jerusalem Post (Israel), National Post (Canada), The Sydney Morning Herald (Australia), and hundreds of community newspapers in North America, before he was fired by the board of Hollinger in 2004.
In 2004, a shareholder-initiated prosecution of Black began in the United States. Over $80 million in assets claimed to have been improperly taken or inappropriately spent by Black. He was convicted of three counts of Honest services fraud/fraud and one count of obstruction of justice in a U.S. court in 2007 and sentenced to six and a half years' imprisonment. In 2011 two of the charges were overturned on appeal and he was re-sentenced to 42 months in prison on one count of mail fraud and one count of obstruction of justice. Black was released on 4 May 2012.
If you enjoy these quotes, be sure to check out other famous businessmen! More Conrad Black on Wikipedia.This was a magnificent company that the people who have seized it and used it as a platform from which to persecute and defame the people who built it have torn apart and destroyed, to the expense of the shareholder.
Look, I understand it's a good news story, but this has been one massive smear job from A to Z and it will have a surprise ending, a complete vindication of the defendants and an exposure of their persecutors.
He may be asked to testify in future actions. . . for that, we will have to stay tuned.
We'll leave out whether he got a fair verdict or not.
Absolute nonsense. There's no truth or substance whatsoever to these charges.
It is possible that a criminal indictment of [Black] is likewise imminent.
A complete vindication of the defendants, and exposure of their persecutors.
I made 50 million bucks yesterday. That's a flameout I could get used to.
Copyright © 2024 Electric Goat Media. All Rights Reserved.