Former media mogul Conrad Black is guilty of criminal fraud and obstruction of justice but innocent of racketeering, a US jury found today.
Black was however cleared of eight charges of fraud and one of racketeering related to the misuse of perks and the sale of newspapers in Canada.
Black, along with three co-defendants, had been accused by US prosecutors of pilfering $60m that should have benefited his former newspaper company, Hollinger International and its shareholders.
The verdict came after nearly 15 weeks of testimony in federal court.
Black, a member of Britain's House of Lords, could face decades in prison and millions in fines.
