Originally published December 8 2005
Hollinger executive indicted on counts of mail and wire fraud
by Mike Adams, the Health Ranger, NaturalNews Editor
Conrad M. Black, chairman and chief executive of Hollinger and Hollinger International, which owns the Chicago Sun Times and several other newspapers, has been indicted for mail and wire fraud.
A federal grand jury indicted Conrad M Black, the prominent and flashy media entrepreneur, on eight counts of mail and wire fraud today along with three of his deputies, the United States Attorney for Chicago, Patrick Fitzgerald, said.
The charges are the culmination of an investigation into a series of complex transactions that prosecutors contend Lord Black and his associates used to enrich themselves of millions of dollars at the expense of the two publicly traded companies, Hollinger International and Hollinger, that he controlled in Chicago and Toronto.
Black has denied the charges, and a statement issued by his lawyers said "Conrad Black asserts his innocence without qualification with respect to each and every one of the charges set forth in the indictment.
It will be shown that he has, at all times, acted within the law."
Hollinger International at one time published several newspapers around the world including the Daily Telegraph in London, the National Post in Toronto and the Jerusalem Post, as well as the Chicago Sun-Times, which it still owns.
The company was once the third largest newspaper company by circulation.
Hollinger was a holding company that controlled Hollinger International.
Black served as chairman and chief executive of both entities.
The indictment outlines two money-laundering schemes that Black and his aides are accused of devising.
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