Sunday, July 15, 2007
Conrad Black convicted of fraud
Conrad Black's conviction on fraud in a United States' court reflects the attitude of some of the rich who think they are above the law. As owners of huge international empires, they no longer have allegiance to any country nor any people.
See Media reaction to Black verdict http://news.bbc.co.uk/1/hi/business/6899819.stm
Born in Montreal, Canada, Black gave up his Canadian citizenship to become a British peer. As a young man in his twenties, he began to buy up newspapers so that at one point he was the third largest media owner in the world, his huge press empire situated mainly in the United States, Britain and Canada.
He was described as ruthless, considering his strategies as part of a battle plan. It was his "combative approach" that led to his actions resulting in charges that he stole close to $70 million dollars from investors of Hollinger International.
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