Copping a Plea
Mr. Radler, the former publisher of the Chicago Sun-Times, has decided to co-operate and will plead guilty to the charges against him, the prosecutors said at a Chicago press conference yesterday.
This indicates, observers say, that Department of Justice officials may still be trying to build their case against Lord Black in order to file later charges against him personally.
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This is awful news for Lord Black simply because if anyone knows where the bodies are buried it is Radler. And the only reason why he would plead guilty is on a plea bargain which will require full disclosure of those bodies.
Biggest mistake Black ever made was taking his companies public in the US. Had he maintained his Canadian and English presence and relied on those markets for funding the issues which are moving him rather closer to bankruptcy and potential jail time would not have arisen. But the US securities regime can be rather more sceptical of the excesses of “proprietors” than the Canadian or British regulators and prosecutors.
Written by jay on August 19th, 2005 with
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