Saturday, March 10, 2007
Expect another headline-producing corporate scandals trial beginning next week, with the fraud and racketeering trial of Lord Conrad Black, former head of the publisher that at one time owned the London Telegraph, the Jerusalem Post and the Chicago Sun Times, among other newspapers. In his heyday, Black was known for his jet-setting with notables like Henry Kissinger, lavish lifestyle and the envirionment of "corporate kleptocracy," as federal monitor (and former SEC Commissioner) Richard Breedon's report called it. Among other things, the corporation purchased private papers of FDR for $9 million, so Black could research a book he was writing on the President. See WSJ, Fraud Trial Looms For Jet-Setting Publishing Mogul.