Well, it looks like Fits won another one: http://www.cbc.ca/.... Conrad Black has been found guilty on three counts of fraud and one count of Obstruction of Justice.
What I found really interesting was this:
The conviction could mean a lengthy sentence for Black, who 62 years old. Obstruction of justice carries a maximum penalty of 20 years imprisonment, while each mail fraud charge carries a maximum prison term of five years.
I wonder if Lord Black is good friends with George W?
I hope they throw the book at this arrogant prick.
UPDATE: From the story (some background as requested):
Hollinger International started selling off its extensive newspaper assets in the late 1990s in a series of transactions. The U.S. government — with star prosecution witness and former Black chief lieutenant David Radler — alleged that Black devised a scheme to improperly divert $60 million US from those sales to himself, and to Radler, Boultbee, Atkinson or companies they had an interest in. Kipnis, the prosecution alleged, facilitated the diversions.
The prosecution said the money should have gone to Hollinger International and its shareholders, but instead, was dressed up as non-compete payments. This is money the buyer of a business pays a seller in return for promising not to start up a competing business. The government alleged the non-compete deals in this case were frauds — cover stories invented to allow Black and the co-defendants to transfer tax-free money into their pockets. The fraud allegations around the sale of these newspapers were the heart of the prosecution's case.