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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