Friday, August 19, 2005
The AP reports that U. S. attorney Patrick Fitzgerald is proceeding with fraud indictments against former Chicago Sun-Times exec David Radler, attorney Mark Kipnis, and a Canadian holding company. The feds allege that their investigations reveal shareholders may have lost more than thirty million dollars in fraudulent transactions dating back to 1998. Read more here on the MSNBC website, in the Chicago Sun-Times, and here in the Trib itself. Radler, a native of Canada, is reported to be assisting federal authorities.