Former Hollinger International general counsel Mark Kipnis – the sole US lawyer convicted in the financial fraud that took down newspaper magnate Conrad Black – emerged emerged from his federal sentencing in Chicago without prison time or a fine, writes the National Law Journal.
US District Judge Amy St Eve sentenced Kipnis, who was on duty when three other executives siphoned tens of millions of dollars from the company, to five years probation and six months of home detention. While noting that he had engaged in a “serious offense,” she determined that he had suffered significant losses already and gained little from the scheme.
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