Two diametrically opposed visions of Hollinger, Inc. were presented to jurors in Chicago in opening arguments of the Conrad Black trial. Prosecutors, quoted by Bloomberg, called Hollinger Black’s “personal piggy bank.” His attorneys, though, claimed “[the] company was stolen out from under him.”
And it was only the first day.
Meanwhile, Bloomberg reports that David Radler, Black’s former partner, will be the key witness against Black. Radler settled with the SEC and the Sun-Times media group for $72 million last week. In 2005 Radler pleaded guilty to fraud and agreed to cooperate with the government.
Tags: ConradBlack