Here are the non-compete payments to Black and two Hollinger executives. Also, you will see Black's bank statement in February 2001. Here is the case in a nutshell:
Black and three other former Hollinger executives are accused of pilfering $60 million in so-called non-competition payments that prosecutors contend belonged to the company and its shareholders.
The payments compensated Black and the others for agreeing not to compete against the buyers of hundreds of media properties the company sold to pay down accumulated debt. But prosecutors say the defendants essentially turned the payments into non-taxed bonuses.
Black was ousted as chairman of Hollinger International in 2003 after shareholders questioned the non-compete payment deals. An internal investigation in 2004 concluded that he and other executives oversaw a "corporate kleptocracy" at Hollinger, once one of the world's largest newspaper publishers.
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