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Blackwatch: the latest in the trial of the tycoon
Independent on Sunday, The, Jul 15, 2007
AT LONG LAST, after a four-month trial, the jury trying disgraced peer and former media baron Lord Black delivered their verdict. On Friday, after some 70 hours of deliberations, the jury convicted him of swindling shareholders in newspaper group Hollinger out of $6m ([pound]3m). They ruled that he was guilty on three counts of fraud and of one count of obstructing justice.
The only question now is how long he will spend behind bars. The prosecution said they would seek a sentence of between 15 and 20 years but other lawyers said a five-year stretch was more likely. The prosecution has also requested he be denied bail pending his sentencing. But it could have been worse. He was cleared of racketeering, tax evasion and six other fraud counts which would have carried a more severe punishment.
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