Tuesday, July 20, 2010

7799: It Pays To Be Black.


After reading the New York Post story below, one can’t help but think that if Black were Black, he’d stay in jail.

Black to go free on bail

By Paul Tharp

Conrad Black will be released from a Florida prison on bail, a federal appeals court ruled yesterday.

The former chief executive of Hollinger International, imprisoned since March 2008 after being convicted of fraud and obstruction-of-justice charges related to his looting of the company, won his bail argument following a June 24 US Supreme Court ruling that gutted the “honest services” fraud law that was used to prosecute Black and other notorious white-collar defendants.

Black is serving a 6½-year term on the conviction.

It is not known when the 65-year-old Canadian executive, author and member of the British House of Lords would be released. The appeals court sent the case back to the trial court to decide the timing and conditions of Black’s release.

Black was convicted of looting $6.1 million from his Hollinger International. The firm collapsed after Black sold off pieces of the empire, which included the Chicago Sun-Times, The Daily Telegraph of London and National Post of Canada.

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