Friday, March 16, 2007

Boo! Radler Settles His Accounts


Well, well.

It looks like one of the pillars of the defense may have fallen.

Here is what Mr. Conrad Black had to say about his former associate, and now witness for the prosecution, Mr. David David Radler, recently.

Black has called Radler's deal with prosecutors surprising and has said "the obligation of all of us is to tell the truth."

He added, "If the truth is he did commit a felony, better to admit it. If he goes further and tries to incriminate innocent people, that's something else."

Only problem is, it doesn't look like the trangressions of Mr. Black's doppleganger that goes Boo!-in-the-night are considered to be felonious any longer.

Because Mr. Radler has, apparently, just today settled up his accounts:

David Radler, the former chief operating officer of media company Hollinger International Inc., has agreed to pay $28.7 million (all figures U.S.) to settle fraud charges, the U.S. Securities and Exchange Commission said Friday.

The SEC alleges that Radler and Conrad Black, Hollinger International's former CEO, who is standing trial in Chicago, engaged in a fraudulent scheme to divert cash and assets from the company from 1999 through 2003.

The SEC accused Radler of misappropriating millions of dollars from the Chicago-based company and making numerous misstatements to shareholders.


Wonder what the number would be if the good Lord decided it was time to do a little settling himself?

What's that we hear?


We shall see.


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