Former newspaper magnate wins release while fraud conviction is appealed
The U.S. Court of Appeals for the Seventh Circuit ruled Monday that Conrad Black could be released on bail while he appeals his convictions for fraud. Black, who has been serving a six-and-a-half year prison sentence at a facility in Florida since 2007, won a significant legal victory last month when the U.S. Supreme Court sent his conviction on three counts of fraud back to a lower court for review. Chicago judge Amy St. Eve, who presided over Black’s trial, is responsible for setting the terms of his release.