Former Chicago Sun-Times publisher, Black's media company charged with fra

[Judi Lynn]

Former Chicago Sun-Times publisher, Black's media company charged with fraud

By Maura Kelly Lannan
ASSOCIATED PRESS

2:05 p.m. August 18, 2005

CHICAGO – 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. .
(snip)

Black was forced out as CEO and chairman of Hollinger International after an internal review found that he and several associates had improperly siphoned off millions of dollars from the company.

At one time, Black's newspaper holdings included The Daily Telegraph, a major broadsheet in Britain that was later sold, and The Jerusalem Post.
(snip/...)

http://www.signonsandiego.com/news/business/20050818-1405-hollinger-fraud.html

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1. Duplicate

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