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Conrad Black: Guilty! Guilty!! Guilty!!!

It's Fitzmas in July...in Chicago and Canada.

Media tycoon Conrad Black has been convicted of three charges of fraud and one of obstructing justice.

Black, 62, was cleared of racketeering and tax evasion but could face 35 years in jail when sentenced on 30 November. His lawyers said he would appeal.

He was facing 13 charges over claims he stole $60m (£29.5m) from investors in newspaper firm Hollinger International, which used to own the Daily Telegraph.

The Chicago jury also convicted three of the UK peer's associates of fraud.

Judge Amy St Eve adjourned Black's bail proceedings until Thursday to allow his defence team to consult Canadian lawyers. Black was allowed to remain free on a $21m bond.

He also handed over his UK passport to the court and will remain in the Chicago area until next week.

Heh. This time he can't bugger off to Bora Bora on a Hollinger private jet, either.

Hey Conrad, does your Savile Row tailor do orange coveralls? Might be worth looking into. After all, your next big vacation destination is not Club Fed!