Judge sets $2 million bond for ex-mogul Conrad Black

The media magnate will be released from his minimum security prison while he makes his appeal

Published July 21, 2010 4:08PM (EDT)

A federal judge in Chicago has ordered former media mogul Conrad Black released on $2 million bond while she decides whether to overturn his 2007 fraud conviction.

U.S. District Judge Amy St. Eve said Wednesday that Black cannot leave the continental United States while out on bond.

Black can be released as early as Wednesday from the minimum-security prison in Coleman, Fla., where he has been serving his 6 1/2-year sentence for defrauding investors in the Hollinger International media empire he once ran.

A Federal Bureau of Prisons spokeswoman said Black remained jailed in Florida on Wednesday.

The 7th U.S. Circuit Court of Appeals on Monday granted Black's motion for bail as he appeals his conviction.

By Associated Press

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