Saturday, October 08, 2005

Money Seized in Black Sale


Given his apparent free dipping into the company coffers, these funds are a small price to pay.

Onésimo Alvarez-Moro

See article:
Federal agents on Friday seized nearly $9 million of the proceeds from the sale of the media entrepreneur Conrad M. Black's apartment on Park Avenue in New York.

Federal Bureau of Investigation agents showed up on Friday in New York at the real estate closing on the apartment and seized $7.9 million. Earlier on Friday, they seized more than $1 million that had been held in escrow as part of the sale.

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