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Thursday, 16 October 2008

Conrad Black faces up to eight years jail

11/12/2007 7:00:00 AM.  | Amie Meehan & Reuters

Disgraced media mogul Conrad Black has been sentenced to 6.5 years in jail in the US for fraud.

The 63-year-old has been found guilty of raiding his company's coffers and trying to cover up his crime.

He had protested his innocence throughout, claiming he was the victim of "corporate governance zealots," and promised to appeal the jury verdict that was reached in July.

The Canadian-born member of Britain's House of Lords was found guilty of one count of obstructing justice and three counts of fraud.

Black has also been ordered to pay a fine of just over $140,000 and forfeit $7 million.

Black is the former owner of Australia's Fairfax newspaper group.

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