Disgraced former press tycoon and chairman of
The Daily Telegraph,
Conrad Black, who was convicted on four counts of fraud and obstruction of
justice in July, for stealing $US6.1m (?3m) from shareholders’ money and
removing 13 boxes of documents, was given a prison sentence of six and a half
Jack Boultbee, the former CFO of Hollinger International, the newspaper
publisher of which Black was chairman, was sentenced to 27 months and ordered to
pay $153,000. Boultbee received his sentence after being found guiilty on three
counts of mail fraud.
Amy St Eve US District Judge rejected a US government call for Black to be
given a stiffer sentence of about 20 years. Black also was fined $US125,000 and
has to forfeit $US6.1m for the fraud and obstruction of justice, according to
the Chicago Tribune.
Andrew Frey, one of Black’s appeal lawyers, said he would fight hard to
appeal the sentence and keep Black out of jail.
The judge gave Black three months to get his affairs in order before he must
report to prison on March 3. She suggested he serve his time at the prison camp
at Eglin Air Force Base in Florida.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements