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President Donald Trump on Wednesday pardoned former newspaper mogul Conrad Black, who was convicted in 2007 on charges that he swindled shareholders in his media empire out of $6 million, the White House announced.
Black was sentenced to 6½ years in prison in 2007, and a federal judge at sentencing said the millionaire member of the British House of Lords violated his duty to Hollinger International shareholders, the Associated Press reported at the time. Black was found guilty of three counts of mail fraud and one count of obstruction of justice for spiriting documents out of his Toronto office in defiance of a court order.
The article goes on to state the following:
The Supreme Court weakened a federal law used to convict him and an appeals court voided two of three fraud counts against him, and he was ultimately sentenced to 3½ years, Reuters reported. The charges stemmed from Black embezzling funds during the sale of some of Hollinger International’s publishing assets.
Black, 74, was released in May of 2012, according to federal prison records. Trump signed an executive grant of clemency, which the White House said amounted to a full pardon.
The White House called Black “an entrepreneur and scholar” who has “made tremendous contributions to business, as well as to political and historical thought.” The White House statement noted that Black wrote several biographies. It also said that while in prison he served as a tutor for 150 students.
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