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Fraud appeal: Friend's $2m bail lets former media tycoon get out of jail
Former media tycoon Conrad Black was released from a US jail yesterday after a judge granted him $2m bail.
Black walked from the minimum security prison in Florida, after US District Judge Amy St Eve set conditions for bail in a Chicago
courtroom earlier.
The former proprietor of the Daily Telegraph was told he must not leave the continental US and must be in the Chicago courtroom tomorrow to hear further conditions of his release.
Black was released after businessman and friend Roger Hertog posted the $2m (1.3m) bail in Chicago.
The former head of the Hollinger International media empire was released two years and four months into a six-and-a-half-year sentence for defrauding investors of $6.1m – 4m.
His lawyers asked that he be allowed to return to Canada, as he owns a home in Toronto, but the judge said he must remain in the US and ordered that he must not try to obtain a passport.
Black's lawyer said his client only had an ID from the Federal Bureau of Prisons.
He said Black was likely return to his home in Palm Beach, Florida, after his release.
The 65-year-old peer was granted bail on Monday by the Court of Appeals, pending an appeal against his conviction for fraud and obstruction of justice.
Hollinger once owned the Daily Telegraph, Chicago Sun-Times, and Jerusalem Post.
Black renounced his Canadian citizenship when he became a life peer.
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Saturday 11 February 2012
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