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Fallen Media Mogul Black Found Guilty Of Fraud - Politics - Nairaland 85d1c

Fallen Media Mogul Black Found Guilty Of Fraud (898 Views)

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Mamajama(m): 6:18pm On Jul 13, 2007
And they say Nigerians are the only corrupt people. LOL

CHICAGO (Reuters) -- A U.S. jury on Friday found former media mogul Conrad Black guilty of multiple counts of criminal fraud and a single count of obstruction of justice but acquitted him of a racketeering charge.

The three men on trial with the 62-year-old member of Britain's House of Lords were also found guilty of multiple fraud counts.


Black, who was found guilty of four of 13 charges, faces decades in prison and millions in fines. However, Black is expected to appeal the guilty verdict.

Black and the others had been accused by U.S. prosecutors of pilfering $60 million in payments that should have benefited Hollinger International Inc., once the world's third-largest English language newspaper chain, and its shareholders.

http://money.cnn.com/2007/07/13/news/companies/conrad_black.reut/index.htm?postversion=2007071311
RichyBlacK(m): 1:17am On Jul 14, 2007
Corruption is present in every society.
MILITIA(f): 2:29am On Jul 14, 2007
Na competition
denex: 2:35am On Jul 14, 2007
How much e chop sef wey dem wan give am almost 30 years. E no even reach $300 million.
What about baba Enron wey chop $30 billion. So tay baba Enron been wan use Tinubu chop Lagos that time. Una don forget the Enron/Tinubu IPP?

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