Belfast Telegraph

Friday 11 July 2014

Conrad Black sells £15m mansion

Conrad Black has sold his Florida mansion, which boasts a tunnel to the beach

Former media mogul Conrad Black has sold his oceanfront mansion in Florida's Palm Beach for more than 23 million dollars (£15 million).

The Palm Beach Daily News quoted an estate agent as saying a California family bought the property. Black paid 9.9 million dollars (£6.3 million) for it in 1997.

The house has more than 21,000 square feet and boasts a tunnel to the beach.

Black is the Canadian-born former chairman of the Hollinger International media company who was convicted in 2007 of defrauding investors and served two years of a six-and-a-half year sentence. He was freed on two million dollars (£1.28 million) bail pending the outcome of his appeals.

An appeals court overturned some of his convictions and Black faces resentencing on June 24 for convictions that were upheld.

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