Conrad Black gets 6-1/2 years in jail

Mon Dec 10, 2007 6:16pm EST
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By Andrew Stern

CHICAGO (Reuters) - A U.S. judge sentenced former media mogul Conrad Black on Monday to 6-1/2 years in prison for obstructing justice and defrauding shareholders in one-time newspaper publishing giant Hollinger International Inc., and ordered him to report to prison in 12 weeks.

"You've committed a very serious offense, Mr. Black," Judge Amy St. Eve of the U.S. District Court told the 63-year-old Black as he stood before her, but her sentence was at the low end of federal guidelines.

"Frankly I cannot understand how someone of your stature, on top of a media empire, could commit such acts," she added before imposing the sentence, which also carried a fine of $125,000 and an order that he forfeit $6.1 million.

Later she sentenced one of Black's co-defendants, Peter Atkinson, 60, to 2 years and also ordered him to report to jail in 12 weeks. His lawyers asked that he be allowed to serve his sentence, for fraud, in a U.S. prison in Pennsylvania that is the nearest to his Toronto home.

Black, one hand resting on a table in front of the judge, told St. Eve in a clear voice before she passed sentence that he wanted to "express very profound regret and sadness" to Hollinger shareholders for "the evaporation of $1.85 billion" in value.

The 6-1/2-year sentence was near the bottom of what the judge said was a possible range of 78 to 97 months, but a far cry from the 20-plus years prosecutors had requested.

The judge allowed Black to retain ownership of his Palm Beach, Florida, mansion, and said he could keep the multimillion-dollar payoff he got for the sale of his New York apartment.

She said she would ask the government to let him serve his sentence in Florida. But Black's lawyers said they would seek a court order allowing him to remain free on bond indefinitely pending the appeal of his conviction to a higher court.   Continued...

<p>Conrad Black arrives for his sentencing hearing with his wife Barbara Amiel Black in Chicago, December 10, 2007. REUTERS/Stephen J. Carrera</p>