Conrad Black, the Canadian newspaper and British Lord goes on trial in…

Conrad Black, the Canadian newspaper and British Lord goes on trial in Chicago this coming week on fraud and racketeering charges. While similar cases in recent years make the storyline — alleged financial chicanery by a highly placed corporate executive — a familiar one for American audiences, this trial promises to be a dramatic spectacle nonetheless, the Wall Street Journal reports.

A seamier side of Mr. Black’s lifestyle is presented by the prosecutors, who allege the mogul and three other former Hollinger International executives diverted more than $80 million from the company through a series of multimillion-dollar noncompete payments — paid without proper board approval or disclosure.

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