Ex-Sun-Times Publisher Charged With Fraud

http://www.washingtonpost.com/wp-dyn/content/article/2005/08/19/AR2005081900251.html




The pool and lawn chairs sit empty at the Vancouver home of former publisher of the Chicago Sun-Times newspaper and chief operating officer of Hollinger International David Radler on Thursday, Aug. 18, 2005. U.S. federal prosecutors have filed fraud charges against Radler for for allegedly diverting $32 million US from shareholders through a series of phoney business deals. (AP Photo/Richard Lam, CP) (Richard Lam - AP)

Ex-Sun-Times Publisher Charged With Fraud
By MAURA KELLY LANNAN
The Associated Press
Friday, August 19, 2005; 5:18 AM

CHICAGO -- Former Chicago Sun-Times publisher David Radler is cooperating with federal prosecutors in their investigation of $32 million that allegedly was fraudulently pocketed by him and others through a series of secret deals. Radler, Mark S. Kipnis, the former top in-house lawyer for Chicago-based Hollinger International, and Toronto-based Ravelston Corp., a private company owned until this spring by Conrad Black, were indicted on federal fraud charges Thursday.

They were accused of cheating shareholders in the United States and Canada, as well as Canadian tax authorities. The indictment alleged the three diverted the money by disguising it as noncompete fees connected to the sale of newspaper publishing groups.
Each was charged with five counts of mail fraud and two counts of wire fraud.

snip