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Radler Sentenced for Fraud

By McNabb Associates

U.S. District Judge Amy St. Eve sentenced former Chicago Sun-Times publisher F. David Radler to 29 months in prison for taking millions of dollars in unauthorized payments from the tabloid's parent company.[1]St. Eve accepted the plea agreement between Radler and federal prosecutors that gave him a reduced sentence in exchange for pleading guilty and cooperating with government's investigation of a mail fraud scheme at Hollinger International Inc; in addition e was fined $250,000.[2] Radler has paid $53 million to Hollinger International in restitution and as part of settlements with the Securities and Exchange Commission and civil lawsuits.[3]St. Eve acknowledged Radler's attempts to right things by cooperating with prosecutors and paying back $61 million...continue to full post

Full post as published by Federal Crimes Blog on December 18, 2007 (boomark / email).