Conrad Black denies fraud charges

[DoYouEverWonder]

18 November 2005

Media tycoon Conrad Black has denied charges of 11 counts of fraud in the US, linked to a $2.1bn (£1.2bn) sale of hundreds of Canadian newspapers.

<snip>

The statement, issued by Lord Black's lawyers, said: "Conrad Black asserts his innocence without qualification with respect to each and every one of the charges set forth in the indictment.

<snip>

The charges follow a plea deal struck with prosecutors by Lord Black's former right hand man David Radler.

He has admitted a single count of mail fraud and agreed to co-operate and testify against others involved.

Radler will serve 29 months in prison and pay a $250,000 fine when the investigation is complete.

http://news.bbc.co.uk/2/hi/business/4447538.stm


The last section of this story is most interesting. It gives us a glimpse of how Fitzgerald works.

[salin]

1. wonder if wife new there were TWO park avenue apts,

that he had, both paid for by Hollinger.

Got the top aide to Black to cop a deal - which led more info that can be used against the top. Unfortunately the stakes are higher for the key players in the other Fitzgerald investigation and such a turning on - at the very top - is much less likely... Fitzgerald, so far, has done a rather remarkable job given the folks obstructing all over the place.