What exactly are the charges that Conrad Black is facing?
There are really two sets of charges that lie at the heart of the prosecution’s case. The primary set of charges against Black involve an allegation that Hollinger shareholders lost millions of dollars as the result of Black and his co-defendants diverting payments to themselves received from the purchasers of the company’s newspapers. The purchasers made the payments to Black and his co-defendants for agreeing not to compete in those same markets. You will be hearing a lot about these non-compete agreements at the trial. Did the audit committee of Hollinger, which included people of the stature of Henry Kissinger, approve these payments to Conrad Black? Or was it, as the prosecution alleges, the case that they were illusory and in some instances not even required by the purchasers? What about the notable law firms and accounting firms that passed judgment on these payments? The next set of important charges relates to the extravagant spending habits and alleged misuse of corporate per
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