Closing arguments made in Black fraud case

A federal prosecutor ripped into media mogul Conrad Black and other Hollinger International executives today, saying “they systematically stole €44m” from the shareholders and created a phoney paper trail to cover their tracks.

“It will be your job to expose this cover story for the lie that it is,” Assistant US Attorney Julie Ruder told jurors as closing arguments got under way at Black’s three-month racketeering and fraud trial.