CTV News | Radler, Black's right hand, gets 29-month sentence

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Radler, Black's right hand, gets 29-month sentence

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CTV News: Lisa LaFlamme reports on Radler's fate
CTV Newsnet: Paul Waldie, The Globe and Mail
CTV Newsnet: Legal expert Hugh Totten in Chicago
Canada AM: Steven Skurka, legal analyst for CTV

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CTV.ca News Staff

Date: Mon. Dec. 17 2007 10:35 PM ET

David Radler has been sentenced to 29 months in jail after a Chicago judge approved the plea deal reached between the former Hollinger executive and prosecutors.

Radler, who made the deal in exchange for his testimony against former associate Conrad Black in his fraud and obstruction trial, must also pay a US$250,000 fine, Judge Amy St. Eve ruled on Monday. Radler also testified against three other former Hollinger executives.

"You committed a very serious crime, but you certainly tried to right your wrongs by paying back restitution, which goes a long way," St. Eve told the court during sentencing.

In an email to CTV News, Black wrote it was "distressing" that Radler, an associate of so many years, had committed crimes. He also maintained his own innocence and said he was confident of his appeal.

Radler, former president of Hollinger International and Black's right-hand man, had pleaded guilty to one count of fraud as part of his deal with U.S. prosecutors and paid about $63 million in restitution.

After his conviction, Black was sentenced to six-and-a-half years in jail and ordered to pay a US$125,000 fine as well as forfeit $6.1 million.

In a prepared statement after the sentencing, Radler admitted to making mistakes and hurting people.

"I will live my life with this and I'm sorry for what I've done," he said. He refused to comment further outside of court.

Chicago legal analyst Hugh Totten told CTV News Radler wasn't going to say anything that might put his plea deal in jeopardy.

"He wasn't going to do anything to screw this up. At the end of the day, David Radler may have been one of the very smartest guys involved in this case," Totten said.

Transfer to Canada possible

St. Eve agreed Monday to a request from Radler's lawyers that he be allowed to serve his term at Moshannon Valley Correctional Center in Philipsburg, Pa.

He must surrender himself on or before Feb. 25, 2008.

As a Canadian citizen, Radler can apply to serve his sentence in Canada. In that case, his time behind bars would likely be cut to about six months.

Radler's lawyers would not comment on whether they would apply for a transfer.

James Morton, president of the Ontario Bar Association, said a transfer request would likely be accepted.

"We're not talking about a dangerous person. We are talking about a Canadian. My sense is that if the prosecution did not oppose it then he would likely be able to transfer back to Canada," said Morton.

Black and Radler first went into business together in 1969, when they bought the Sherbrooke Record, a Quebec newspaper, for $18,000.

Together, they turned Hollinger International into one of the largest media empires in the world.

CTV's legal analyst Steven Skurka said Radler's testimony was extremely valuable to the prosecution and made Black's conviction possible.

"He was the window into the alleged conspiracy," Skurka said.

"Now, we have a verdict on four counts that indeed there was a conspiracy. And you know, I watched him carefully during his evidence. You can discount it but he did give the jury a comfort level to believe, well, something was going on here, because why would David Radler plead guilty, if there wasn't anything wrong?"

Radler spent eight days on the witness stand during Black's trial. Defence lawyers called him a liar and accused him of turning on Black only to save his own skin.

Radler claimed Black was the mastermind behind the plan to pocket millions of dollars in non-competition payments. Prosecutors maintain the payments should have gone to Hollinger shareholders.

With a report by CTV's Lisa LaFlamme

Please Add Comments( )

Allan Eizinas
said
0 0

Sounds about fair.

He has already paid back about $65 million and paid a $250,000 fine. After he reports to the American Bureau of Prisons then he will request to serve the sentence in Canada. Six months later he will be out.


St James deals out
said
0 0

If I defrauded and stole millions do you seriously think I would only get 29 months or 6.5 years? The legal community looks after their own. Like they say, one set of rules for those with means and one set for the rest of the 'plebes'.

Fat cat execs who think it sport to steal from shareholders take note, you may not do much but you will do time.




Roch
said
0 0

Finks are traditionally not treated very kindly in jail.


Charlie
said
0 0

In my years as an investor I have seen so many more egregious examples of fraud and theft. The only difference in this case is the "Lord" in front of Black. It makes the prosecutors feel good to bring someone down. We should all feel ashamed at our lack of goodwill towards our fellow man, especially at this time of year! They both did not deserve this treatment and the penalty far exceeds the crime.


Bill Bell
said
0 0

I have always told my son and grandsons that when you are wrong, you own up to it and you NEVER snitch on a friend.
Black and Radler made millions together and Radler should have stood by Black and taken the heat like a man.


Doug
said
0 0

There is nothing lower than turning on your friends to save your own skin.If you do wrong,be man enough to admit it,and accept the consequences.


Craig
said
0 0

Reading through the comments made here and after Lord Black was sentenced to 6.5 years, I've noticed that most of you are forgetting an important thing.

Black was ACQUITTED of all racketeering and fraud charges. He was found NOT GUILTY. The only thing Black was found guilty of was mail fraud and obstruction. These are hardly major charges and his punishment fit the crime.

Now Radler pleaded guilty to his charges and deserves to have the book thrown at him.


Lart from Above
said
0 0

I'm shocked at some of the comments here. Bay Street isn't run by the Mafia. Executives of public companies have a higher duty to the public than they do to each other. Conspiracies to defraud the public aren't honorable, and in this age of compliance, executives had better realize that some of their close peers won't stand against the law when the chips are down.


A. Bica
said
0 0

Whether for Black, et al or against them, what's really low about the whole thing is that a "judicial" system allows for an open exchange of reduced sentencing for testimony. It's nothing more than legalized extortion, morally, ethically and judicially reprehensible. The system has lost its integrity when a witness can lie to save their own butt and such testimony is knowingly allowed, even condoned in a court room.

What a disgrace.


Frank
said
0 0

The obstruction charge was the most serious one of all. It related to the boxes that Black spirited out of his former offices. Sure he returned them, but minus what? Maybe the documents not returned were evidence of much worse. We'll never know.


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After cutting a deal, David Radler receives 29 months in prison. Experts and lawyers debate the sentence.

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