Tuesday, June 20, 2006

Former Hollinger CEO may be headed to jail

Conrad Black, former CEO of Hollinger International, which at one time owned The Carthage Press and the Neosho Daily News, may be headed for jail as he awaits trial on charges that he and his associates stole more than $84 million from their company.
Today's Chicago Sun-Times reports Black has defaulted on the mortgage on his Palm Beach, Fla. home, which may prompt federal prosecutors to ask for an increase in his bond.
If he cannot pay the increase, he would be sent to jail to await his March 2007 trial.

No comments: