Securities regulators in the United States last Thursday before the press baron Conrad Black prohibition as an American director, and said he must pay $ 41,000 in compensation to end a long-standing lawsuit in black, head of the trading settlement Hollinger media Empire.
In its heyday, Hollinger International raft run newspapers, including the Chicago Sun-Times, "" Jerusalem Post ", Britain's Daily Telegraph" and the national post office in the black native Canada. Black, 68, gave up Canadian citizenship when he became a member of the British House of Lords.
U.S. Securities and Exchange Commission's final decision to follow in October 2012 the U.S. Securities and Exchange Commission's decision and ordered him to pay $ 6.1 million black appeal. He was released more than one year ago from the U.S. prison fraud and obstruction of justice.
$ $ 4.1 million will be paid to the Chicago newspaper Clearing Corporation, formerly known as Sun-Times Media Group in the United States, which is a successor company Hollinger.
Black found guilty of planning and partner David RADLER and other executives siphoned off millions of dollars from the sale of newspapers, because they unwound Hollinger International in 2007.
But his three fraud conviction set aside, his 78 month sentence reduced to 42 months. He served 37 months, released in May 2012, now lives in Toronto.
Blake said: "In this case, since the forces and slander I have endured, this is a very happy ending, in an e-mail that the information about the event defamation lawsuit settlement ends." Crash impact on me is self-evident. "
U.S. Securities and Exchange Commission cleared the way for a transaction, the Ontario Securities Commission, Canada's main securities regulator, to continue with their case, black and two other former Hollinger executives.
In a hearing scheduled for last Friday, regulators to prohibit the purchase or trading of securities, and became a director of a listed company in Ontario black.
Black OSC action described as "technical problems." "
"Any monetary claims, or any one of the ground, I do not know," he said. "
 



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