by S-Q @ 7:38 PM MDT
Editor & Publisher
CHICAGO A federal prosecutor accused fallen media tycoon Conrad M. Black and three other executives Tuesday of swindling the Hollinger International newspaper empire they once ran out of $60 million in a series of deals that ended with a "bold money grab."
When questions were asked about what he was doing, Black brushed them aside as "an epidemic of shareholder idiocy," Assistant U.S. Attorney Jeffrey H. Cramer said in opening statements at Black's racketeering and fraud trial.
"It was theft, it was fraud, it was crime," Cramer said in his fiery opening statements.