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Conrad Black - Criminals In Business

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PUBLISHING CHIEF ACCUSED OF LOOTING FIRM

Conrad Black, the former CEO of Hollinger International Inc., conspired with associates to systematically loot the newspaper publishing company of more than $400 million -- nearly all of its profits from 1997 through 2003, an internal investigation found.
Ref. https://deseretnews.com/dn/view/1,1249,...88251,00.html

Business Criminals Black Conrad

Actually I fear more the "well dressed" people than the regular criminals. Remember, I was hit hard by what it seemed the highest class.

I can deal with a thief that could rob me out of my money on the street. It's a fact that influences just me and him. But what about those who steal in the millions, ruin the life of hundreds?

Odd as it may seems, most of these "suit" criminals receive the same punishment as a poor guy that steals groceries from WalMart just because he's hungry. Sure, the concept can be argued, but I guess you understood the point. I never saw a CEO serving 15 years at the cool house for stealing 1 billion dollars and ruining the life or 25,000 employees.

Thus, I'm going to present a classic case from Romania: You might have heard of the FNI case. (National Investment Fund, although privately owned). The people in charge of the Fund got away with hundreds of millions of dollars. Just over the night. With the life savings of hundreds of thousands of citizens. After a few years the general manager of the Fund was found in Israel and brought back to the country. She was prosecuted and senteced to 5 years in prison. Same day a court I saw a court ruling where a guy that has stolen a chicken from a neighbors' was sentenced to 8 years in prison. Later the chicken in question was found in the plaintiff's yard. But the defendant remained in prison for another 4 years. Remember, the Fund's administrator kept the money, as they were never found.

Now imagine justice. It's not a singular case. If this is how the cookie crumbles, I'd rather steal a few billion dollars and keep the money.

Conrad Black - Criminals In Business History & Civil Business Politics

Conrad Is Guilty

Businessman Conrad Black has been found guilty on two mail fraud charges and oneobstruction of justice charge, a Chicago courtroom was told Friday morning. On the other charges, Black was found not guilty. There was no immediate word of verdicts in the cases of three Hollinger executives who were being tried alongsidethe Canadian media baron.
Ref. CBC News

Business Criminals Black Conrad

No Jail For Conrad Black

Conrad Black will not have to go to jail while he awaits sentencing on three charges of mail fraud and one charge of obstruction of justice, a judge in Chicago ruled Thursday. However, Judge Amy St. Eve is now in the process of placing restrictions on where the Montreal-born businessman can travel until the Nov. 30 sentencing.
REF. CBC

Business Criminals Black Conrad

Black starts jail sentence in US

Former media tycoon Conrad Black begins his six-and-a-half-year jail sentence at a Florida prison.
Ref. https://news.bbc.co.uk/1/hi/business/7275912.stm

Conrad Black - Criminals In Business

Of course well-dressed people are the ones to be feared the most
I have several friends who were involved in the Parmalat financial crack a few years back, have been given stocks of the "new Parmalat", and now as american investors are filing lawsuits to seek compensation from the new Parmalat, those friends of mine risk losing money a second time...

Conrad Black Criminals Business

Got to love the white collar criminals who seem to get away with more than the common street criminal. I know that some cases of criminal acts that are considered "white collar" crimes get some hefty fines that cost them more than they took in the first place. Maybe that trend will continue and people do not lose their life savings because of a crooked employee.

Conrad Black Criminals Business Politics Business Civil & History

Have in mind that most people that commit crimes are lower than dirt people some of those reach so high that you will never expect a business man to commit a crime nor do you expect him to stoop to a level to get what he wants money,sex and power.