Blawgletter hasn’t paid much attention to the fraud and racketeering case against Conrad Black, not least because it struck us as an unseemly but semi-ordinary example of insider avarice. Plus it involved mere millions of self-enrichment — not the tens or hundreds to which we’ve accustomed ourselves.
But a federal jury in Chicago today found that Mr. Black’s grabbiness crossed the line from sleazy to fraudulent. The core of it involved non-compete agreements, which Mr. Black used to divert corporate funds to himself and three of his pals. WSJ story here.