Entrepreneur Conrad Black was found guilty of mail fraud and and obstruction of justice today. He may spend up to 35 years in prison and may be asked to pay up to US$1 million as a fine.
He was found not guilty of nine other charges including racketeering, misuse of corporate perks and tax evasion. The 13 charges was connected with fraud towards investors in his company, Hollinger International. He was accused of stealing around US$60 million.
Black’s co-defendants were all found guilty of several counts of mail fraud.
Conrad Black renounced his Canadian citizenship in 2001, to become a life peer as Baron Black of Crossharbour. Even without his Canadian citizenship, Black continues to enjoy the privileges of membership in the Queen’s Privy Council for Canada which Brian Mulroney gave him in 1992 which includes the use of a special diplomatic passport.
