Judge tells former media mogul Black to stay in U.S.

Fri Jul 23, 2010 4:47pm EDT
 
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By James B. Kelleher

CHICAGO (Reuters) - A U.S. judge on Friday ordered former media tycoon Conrad Black to stay in the continental United States while he awaits an appeals court ruling on whether his 2007 fraud conviction should be thrown out.

Black, 65, was released this week on $2 million bond from a Florida prison where he had served two years of a 6 1/2-year sentence for swindling shareholders of newspaper holding company Hollinger International Inc.

Federal District Judge Amy St. Eve, who oversaw Black's original trial, demanded the Canadian-born Black provide a thorough accounting of his assets before she would consider his request to go to Toronto to attend to his ailing wife, Barbara Amiel Black. She was beside him in court.

"I need additional information," St. Eve said. "There's a lot of uncertainty" about Black's assets.

Black's lawyer, Miguel Estrada, repeated that his client, a former millionaire and the scion of a Canadian brewing family, did not have assets available to him because a Canadian court injunction has frozen them.

As a result, a businessman had to step forward to guarantee his bond.

Black's Palm Beach, Florida, mansion, which he previously used to secure his bond, is up for sale and he may live in a New York hotel while his appeal is considered.

DECISION SOON   Continued...

 
<p>Convicted former media mogul Conrad Black arrives at his ocean side mansion in Palm Beach, Florida from prison July 21, 2010. REUTERS/Hans Deryk</p>