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Conrad Black 'applies for bail pending high court appeal'

Published on 23 Jun 2009 under category: legal

Conrad Black, currently in prison in Florida for fraud crimes, has applied for permission to be released pending an appeal to the high court.

The former Daily Telegraph owner is asking the US Supreme Court to revisit his case and has made a request to a federal judge for release before this date.

In 2007, he was found guilty of fraud crimes after stealing $6.1 million from Chicago-based group Hollinger International, where he was once chief executive.

The appeal has been allowed but he was initially refused bail. He has now applied for this to the original white collar crime trial judge, Amy St Eve.

Mr Black's initial fraud case resulted in him receiving a sentence of 6.5 years, of which the newspaper mogul has now served 32 months.

Last week, disgraced banker Allen Stanford was indicted on criminal charges for committing fraud crimes and surrendered himself to the FBI.

He already faces civil charges regarding the sale of high-return certificates of deposit issued by the Stanford International Bank.