(Conrad) Black invokes the Fifth (Globe and Mail - Hollinger Affair)

[Screaming Lord Byron]

http://www.globeandmail.com/servlet/story/RTGAM.20031223.ublack1223/BNStory/Business/

Conrad Black, the normally verbose Hollinger International Inc. chairman, has invoked his Fifth Amendment rights and is refusing to talk to the U.S. Securities and Exchange Commission about a series of unauthorized insider deals.

Lord Black, ousted chief executive of the Chicago-based newspaper publisher, exercised his U.S. constitutional right against self-incrimination during a closed-door session yesterday with SEC investigators, his lawyers said.

The SEC and the U.S. Justice Department are probing $32-million (U.S.) in payments to Hollinger insiders, including a company controlled by Lord Black, that were never vetted by independent directors.

When the SEC refused to grant Lord Black a postponement, he asked if he could instead provide "informal" testimony to the securities watchdog. That request was also denied, prompting the press baron to invoke his Fifth Amendment rights.

This wins the award for least surprising story of the day, eh?
Black's in deep here. Can he get out?

[BOSSHOG]

1. I hope that George Will does down with him

Will, of the ethically superior conservative set in Washington. He is paid by a man he then writes nice things about and Will finds nothing wrong with that. Another example of Conservative ethics. The godawful long list continues to grow.

[Spazito]

2. I not only hope Black goes down in flames, I hope he takes the rest of...

the pack of jackals with him, meaning Perle,etc. Black is dispicable and I am SOOOO glad he gave up his Canadian citizenship, he is the antithesis of what a Canadian is, imo!

[chiburb]

3. Dupe of this thread...

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=282227