Hollinger execs indicted by Patrick Fitzgerald

[burythehatchet]

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.

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

I seem to recall there are some connections between Hollinger and Richard Perle as well. Attorney Fitzgerald sure is a busy man.

[jsamuel]

1. He just keeps going!

[Swamp Rat]

2. He's getting closer to the center of the tootsie pop!

:woohoo:

[pauldavid]

3. can't wait to see the headline

"Rove indicted by Patrick Fitzgerald"

[wli]

4. odd... I've never heard of these guys. What's Fitz doing? n/t

[DoYouEverWonder]

5. This is a big one

Ricard Perle was (is?) a board member.

Conrad Black was the owner.

Among other newspapers Hollinger owns the Telegraph, the Chicago Sun and the Jerusalem Post. Black was forced to resign and sell the company a couple of years ago because of millions of dollars in unauthorized payments that he made to himself.

[AuntPatsy]

6. Hmmmm, its nice to know he isn't giving up even if the media

is ignoring his actions.

[The Stranger]

7. Give us the Rove and Libby indictments.

Come on . . . come on . . .