11:16 AM CST, March 3, 2008
Former newspaper baron Conrad Black is in federal prison.
Federal Bureau of Prisons spokesman Mike Truman says Black reported Monday to a low-security prison near
He's serving a six-and-a-half-year sentence for engineering a major fraud on shareholders in his Hollinger media empire.
Black and his co-defendants were convicted of fraud last July for allegedly siphoning money out of the company.
The prominent biographer and member of the British House of Lords also has been ordered to pay $6.1 million in restitution.
He had sought to stay free on bond on grounds there was a strong possibility his conviction would be reversed, but a