Black Crony 'to Admit Pounds 18m Hollinger Fraud'

Evening Standard - London › August 19, 2005

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Summary

FALLEN Press baron Lord Black of Crossharbour's closest lieutenant David Radler is expected to admit criminal fraud charges over an alleged $32 million (Pounds 17.7 million) rip-off of publishing group Hollinger's funds.

Former Chicago Sun-Times publisher Radler, Mark Kipnis, a lawyer for the newspaper's parent company, Hollinger International, and Black's own firm Ravelston, are accused of cheating shareholders and Canadian tax authorities.

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Extract

Black Crony 'to Admit Pounds 18m Hollinger Fraud'

US federal prosecutors say Radler, Kipnis and Ravelston diverted the millions from company funds through...

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