Fraudster Black may be freed on bail
CONRAD Black, the former Hollinger International Inc chairman serving a six-and-a-half year federal prison sentence for fraud, may be set free on bail today.
US District Judge Amy St Eve in Chicago, who presided over the 2007 trial that ended with the convictions of Black (65) and three other men, scheduled a bail hearing for today.
A federal appeals court yesterday granted Black's petition for bail, leaving the terms to Judge St Eve.
The Chicago-based court's ruling followed a US Supreme Court decision last month narrowing the scope of a law relied upon by prosecutors in their case against him.
"Conrad will remain in Coleman until the court orders terms and the order is processed," Black's lawyer Miguel Estrada said.