Conrad Black gets 6 1/2 years in jail

[ProSense]

Conrad Black gets 6 1/2 years in jail

By Andrew Stern 1 hour, 55 minutes ago

CHICAGO (Reuters) - A U.S. judge on Monday sentenced former media mogul Conrad Black to 6-1/2 years in prison for obstructing justice and defrauding shareholders in one-time newspaper publishing giant Hollinger International Inc., and ordered him to report to prison in 12 weeks.

"You've committed a very serious offense, Mr. Black," Judge Amy St. Eve of the U.S. District Court told the 63-year-old Black as he stood before her, but her sentence was at the low end of federal guidelines.

"Frankly I cannot understand how someone of your stature, on top of a media empire, could commit such acts," she added before imposing the sentence, which also carried a fine of $125,000 and an order that he forfeit $6.1 million.

A somber Black, one hand resting on a table in front of the judge, told her in a clear voice before she passed sentence that he wanted to "express very profound regret and sadness" to Hollinger shareholders for "the evaporation of $1.85 billion" in value.

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[Harmonicaman]

1. For 1.85 BILLION

I'd do 6 and a half years in prison.

[Swamp Rat]

2. Best punishment ---> take ALL his money away.

Let him flip burgers for a few years, and do volunteer work at old folks homes.