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article imageNewspaper baron Conrad Black to be released from prison on bail

By Andrew Moran     Jul 19, 2010 in Business
Chicago - Former media tycoon Conrad Black will be released from prison as a court of appeals reviews his conviction. Lord Black's bail was granted but it is unknown when he will be freed from jail.
In July 2007, Conrad Moffat Black was convicted of criminal fraud and was sentenced to serve a little bit more than six years at the Coleman Federal Correction Complex in Florida. Black was also ordered to pay Hollinger International $6.1 million and pay a fine of $125,000.
On Monday, Black was granted bail until the courts review his appeals case and make their decision, according to the Globe and Mail. However, it is unknown when release date will be or what the conditions of his bail are.
Chicago District Judge Amt St. Eve granted the former media baron’s motion for bail and will be the one to set the terms of bail, reports CTV News. He applied for bail in June. Black has consistently lost several appeal cases since his sentencing in 2007.
“Yes, I am pleased of course,” said Black’s attorney, Miguel Estrada.
The Toronto Sun reports that Black was handed a $71 million bill from the Internal Revenue Service because he didn’t file a tax return or pay an amount on taxable income between the years 1998 and 2003.
Black controlled hundreds of newspapers across North America and several major published newspapers including the Chicago Sun Times, the Jerusalem Post, the National Post, the Daily Telegraph and many others.
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