A federal jury convicted British Lord and former media baron Conrad Black on three counts of fraud and one of obstruction of justice today. Black dodged a racketeering charge, while three associates on trial with him were convicted of multiple fraud counts after 12 days of deliberation.
Black faces up to 35 years in prison and $1 mil in fines, though the US district court is expected to release him on bond pending his imminent appeal. Black is the former chairman of Hollinger International, a media empire from which he stole millions in unauthorized payments. (Read more Conrad Black stories.)