Radler charged with fraud (Conrad Black crony)

[Canuckistanian]

By TAVIA GRANT AND RICHARD BLACKWELL

Thursday, August 18, 2005 Updated at 4:24 PM EDT

Globe and Mail Update

Former Hollinger International Inc. president David Radler and company lawyer Mark Kipnis, along with Conrad Black's former holding company, have been indicted for fraud, U.S. law enforcement officials said in Chicago Thursday.

The charges relate to Lord Black's former publishing empire. They cover “self-dealing transactions” that diverted funds from Hollinger International, U.S. attorneys said in a statement.

http://www.theglobeandmail.com/servlet/story/RTGAM.20050818.wblack0818/BNStory/Business/

[Spazito]

1. Whoo Hooo!

I just LOVE every bit of bad news for that piece of scum, Black, that I can read!

I see the investigation regarding Black, himself, is 'continuing', that is good news!

[Canuckistanian]

3. Ever see "Citizen Black"?

After seeing that, I decided he deserves everything he gets.

[Spazito]

6. Yep, he is the scummiest scum on the earth right along with

the bush cabal. 'his lordship' and his 'lady' are now feeling the karma of 'what goes around comes around' x 10.

[TexasLawyer]

2. I hope that Richard Perle

can be indicted too. That ho-bag needs to go DOWN.

[Canuckistanian]

4. I'll bet he's sweating right now

He was on the Board of Hollinger, too, wasn't he?

[TexasLawyer]

22. Yes, and made a BIG bundle

on top of his other swindles. French villas aren't cheap, you know!



Perle has served as a Director of Hollinger International since June 1994 and is the only outside director on the executive committee. He is also Co-Chairman of Hollinger Digital Inc. and a Director of Jerusalem Post, both of which are subsidiaries of the Company. He has served as a director of GeoBiotics.

On August 31, 2004, a special committee of the Board of Directors investigating the alleged misconduct of the controlling shareholders of Hollinger International submitted the 512-page Breeden Report to the SEC. In the report, Perle is singled out as having breached his fiduciary responsibilities as a company director by authorizing several controversial transactions which diverted the company's net profit from the shareholders to the accounts of various executives.

Perle received over $3 million in bonuses on top of his salary, bringing the total to $5.4 million, and the investigating committee called for him to return the money. Top Hollinger executives dismissed the report and have filed a defamation lawsuit against the head of the investigating committee, former SEC chairman Richard C. Breeden.

http://en.wikipedia.org/wiki/Richard_Perle

[nine23]

5. I just love to see corporate thiefs/frauds go down in flames...

The only difference between Conrad Black and the Enron crowd is that Black actually saw himself as "royalty" and/or self-published "gentleman historian". It's all rather hilarious; screenplay to follow...

[Placebo]

7. Ex-Chicago Sun-Times Publisher Charged

Former Chicago Sun-Times publisher David Radler, a lawyer for the newspaper's parent company and a media holding company controlled by Conrad Black were indicted on federal fraud charges Thursday for allegedly diverting $32 million through a series of bogus deals.

The indictment alleged the three diverted the money through a series of secret deals by disguising it as noncompete fees connected to the sale of newspaper publishing groups.

Radler, Mark S. Kipnis, the former top in-house lawyer for Chicago-based Hollinger International, and Toronto-based Ravelston Corp., a private company controlled by Black, were accused of cheating shareholders in the United States and Canada, as well as Canadian tax authorities.

All three were charged with five counts of mail fraud and two counts of wire fraud. They will be arraigned at a later date.

More...

[napi21]

8. I guess I have to give investigators "somewhere" credit for

finally looking into this kind of crap! White collar crim has been going on for many years. It's about damn time these guys were caught and punished!

[Demeter]

9. Ah! But What Were They Diverting the Money To?

Shower curtains, or the GOP? That's the more important point.

[pretzel4gore]

10. addicted to money...

imagine having an addiction so costly that having a hundred million can't satisfy it? i love the sight of conrad (who knew better, but simply was too lazy to be a leftwinger; fighting the estabishment is like fighting glue, it easier to attack them from the right) being marked down as a petty thief (all thieves are petty)
lord crossharbour, omfg!
for those who don't know it, conrad black wanted to be in the british 'house of lords' and canada won't allow that (because of quebec, in part)...so conrad went ahead and took up british citizenship in order to be within law...hahaha....the poor bastard's gonna end up a panhandler outside of harrods just you wait...lol!

[DoYouEverWonder]

11. Ex-Hollinger executives indicted - (Fitzgerald!)

Aug. 18, 2005

SAN FRANCISCO (MarketWatch) - Two former Hollinger International Inc. executives were indicted on seven counts of fraud in a federal court Thursday for their roles in the alleged theft of more than $32 million from the company.

David Radler, former president of Hollinger International (HLR: news, chart, profile) , and Mark Kipnis, former counsel for the company, were named in indictments announced by Patrick Fitzgerald, U.S. attorney for the Northern District of Illinois.

Also indicted was Ravelston Corp., which is the holding company of Toronto-based Hollinger Inc. (CA:HLG.C: news, chart, profile) , the parent of Hollinger International.

"The investing public has a right to expect that officers and directors of publicly traded companies are managing, not stealing, the shareholder's money," Fitzgerald said in a statement.

The defendants were charged with five counts of mail fraud and two counts of wire fraud, Fitzgerald's office said. They will be arraigned in U.S. District Court at a later date.

http://www.marketwatch.com/news/story.asp?guid=%7B8CEA57B4-3534-454C-AA7C-5771DB8A3647%7D&siteid=google


Holy cow! I didn't know Fitgerald was working on this case too. That means he's got the whole enchilada. It's starting to look like Fitzgerald is holding a least a couple of aces.


edit: I found this in GD, but I don't see it in LBN. Thanks to burythehatchet for finding this little nugget.

[Sanity Claws]

12. That is odd

A couple of really high-profile cases at the same time. I wonder whether this is the norm for US Attorneys.

[DoYouEverWonder]

13. Yes, he over sees a very large region

I'm sure his office handles quite a few cases.

[lovuian]

14. Whoo Hoo Fitzgerald!!!

Fraud is Fraud is Fraud!!!

[Olney Blue]

15. Warming up for the indictments about to be handed down

to Rove et al.

[Quakerfriend]

16. et al. is right!!

:bounce: :toast: :bounce:

[JNelson6563]

17. The warning shot

I'll bet there's some anxiety over this at the monkey palace.

Julie

[DoYouEverWonder]

19. Funny, I haven't seen Richard Perle

running his mouth on the tube lately? I guess he's back in his hidey hole in France?

[Megahurtz]

18. The Fight Against Corporate Fraud!

The Next Revolution!!!

:applause::bounce::woohoo:

[wli]

20. And Richard Perle? And what was the nature of the fraud?

They had to lie about something but what was the nature of the lie?

Oh, not related to national security or the neocons directly. Now what? Another Iran-Contra -style whitewash?

When will the first full-bore neocon get indicted?

[WHAT]

21. thx, thx, thx...

for justice...and the rule of law...and honesty.

Now, my "make a wish" plea is to see everyone indited and jailed who is guilty of this crass manipulation.

rule of law...so simple, so elegant, so just...thx. for upholding.