CHICAGO – Former Chicago Sun-Times publisher David Radler, a lawyer for the newspaper’s parent company and a media holding company controlled by Conrad Black were indicted on federal fraud charges Thursday for allegedly diverting $32 million through a series of bogus deals.
The indictment alleged the three diverted the money through a series of secret deals by disguising it as noncompete fees connected to the sale of newspaper publishing groups.
Radler, Mark S. Kipnis, the former top in-house lawyer for Chicago-based Hollinger International, and Toronto-based Ravelston Corp., a private company controlled by Black, were accused of cheating shareholders in the United States and Canada, as well as Canadian tax authorities.
All three were charged with five counts of mail fraud and two counts of wire fraud. They will be arraigned at a later date.
Someday, if you give me enough vodka, I will tell you the story of working for the company Black and Radler raped and pillaged.
For now suffice it to say that when I talk about this, it’s people like Radler and Black that I mean.