Lord Black fails in bid for bail

UKPA August 11, 2009

Disgraced peer Lord Conrad Black will remain in jail pending an appeal over his fraud conviction, the US Supreme Court has ruled.
The former press baron had hoped he would be bailed ahead of the hearing which will take place later this year.
But prosecutors argued that a separate count of obstructing justice would not be affected by the court’s decision over the fraud conviction appeal and as such he should remain behind bars.
Supreme Court Justice John Paul Stevens on Monday rejected Black’s plea without comment.
Black of Crossharbour, the 64-year-old former Daily Telegraph owner, was convicted in July 2007 over charges that he siphoned off millions of pounds belonging to Hollinger International while serving as the newspaper empire’s chief executive.
A jury found him guilty of swindling shareholders out of more than six million dollars (£3.6 million) in a fraud conspiracy with three colleagues.
He was convicted of three counts of fraud and one of obstruction in the 60 million dollar (£36 million) fraud trial in Chicago, Illinois.
Black was handed a six-and-a-half year prison sentence for the crimes of which he has so far served 17 months in a Florida prison.

Copyright © 2009 The Press Association. All rights reserved.

http://www.google.com/hostednews/ukpress/article/ALeqM5gply3j4rr89KEH0tUe9Mol00ilRQ

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>