Ex-Hollinger president to plead guilty to fraud charges

[JURIST] David Radler, former President and COO of Hollinger International [corporate website] and former publisher of the Chicago Sun-Times, will plead guilty to fraud charges, his lawyer said Wednesday. Radler was indicted [PDF indictment; PDF press release; JURIST report] last week on federal mail and wire fraud charges for allegedly diverting more than $32 million from Hollinger [JURIST news archive] through a series of self-dealing transactions. Though the terms of Radler's plea agreement have not yet been made public, there is speculation that Radler will testify against former Hollinger CEO Conrad Black [JURIST news archive] who is facing the prospect of criminal charges [JURIST report] for looting the company. Both Black and Radler are the subject of a civil suit [PDF complaint; JURIST report] brought by the US Securities and Exchange Commission for engaging "in a fraudulent and deceptive scheme to divert cash and assets." Reuters has more.



 

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