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US issues added indictment vs Conrad Black

August 18, 2006

CHICAGO (Reuters) – A grand jury has handed up additional
charges against toppled media baron Conrad Black and three
associates, alleging their fraud caused Hollinger International
Inc. to file false income tax returns.

The third superseding indictment in the U.S. case alleges
that Black, 61, and the others contributed to the
underreporting of Hollinger International’s corporate income by
approximately $13 million to $16 million in 1999 and 2000.

Hollinger International has since been renamed Sun-Times
Media Group.

Also charged with additional counts were accountant John
Boultbee and lawyers Peter Atkinson and Mark Kipnis.

Black and the others previously were accused of engaging in
a scheme to siphon money and misusing perks from media holding
companies controlled by Black, and are due to go on trial in
March on charges of racketeering, fraud, tax evasion and
obstructing justice.

The superseding indictment seeks forfeiture of a 26-carat
diamond ring purchased by Black for more than $2.6 million as
well as assorted antiques and jewelry for which he paid more
than $600,000, all in 2000.

Those forfeitures would be in addition to $32 million in
proceeds sought by U.S. authorities from the scheme itself, the
$8.5 million in proceeds already seized from Black’s sale of a
New York apartment, and his Palm Beach, Florida, estate.


Source: reuters



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