Tonight's episode of The Verdict had a short report on the the forfeiture issue. Most of Conrad Black's assets have already been seized by the government. The guest was CTV reporter David Akin.
Mr. Akin said that the forfeiture issue arose last week and has been settled today except for the instruction to the jury. He also pointed out that jury consultants had said that minority women are more likely to convict than other women.
Conrad could lose all of his assets if convicted of racketeering, except possibly for his Toronto house. The prosecution has claimed $70 million in proceeds, and wants to seize all the shares of Hollinger, Ravelston & Conrad Black Capital Corp. that he owns. The fraud counts carry lesser proceeds estimates. If Conrad Black is convicted on one or more of the major charges, $30-70 million in seizures are possible.
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