Conrad Black has been found guilty of criminal fraud, as my kinsman reports in one of Black's former papers.
Black could go to jail for fifteen years for crimes in which he received 1.7 million Pounds. Is it just me or is Lord Black incredibly stupid? He already had millions, lots of them, but he squandered his businesses and his liberty for less than two million quid.
By all accounts, from those who know him, Lord Black is something of a Count, but he was always thought of as a smart bloke. Not only was he good at running newspapers but he was a capable historian. Now he will have the opportunity to spend a lot of time in the library.
One privilege Lord Black will not be losing is his peerage. However bad a Lord behaves and however badly he behaved to get his peerage, they can't take that away from him.
Elsewhere, PC has his own delightfully eccentric take on the story, castigating Black for his biography of FDR.