David Radler

from Wikipedia, the free encyclopedia

F. David Radler (* 1944 in Montreal , Canada) is a Canadian manager and was a close associate of the publisher Conrad Black for 36 years . Radler was formerly the president of Ravelston Corporation, a Black and Radler company to control their former newspaper empire. Ravelston Corporation, in turn, owned Argus Corporation , which in turn controlled Chicago-based publishing company Hollinger International . In 2005, Radler owned 14.1% of Ravelston Corporation .

resume

Radler graduated from Queen's University in 1967 with a master's degree in business administration. In the 1980s, the manager was responsible for the sale of the Dominion supermarket chain , which was part of the Argus Corporation , to The Great Atlantic and Pacific Tea Company (A&P). Radler also previously worked in Chicago to support Conrad Black in the media business. He was a manager ( chief operating officer ) and later president of the Chicago (USA) based Hollinger International and published the Chicago Sun-Times newspaper.

controversy

After the London Daily Telegraph , the Chicago Sun-Times and the Jerusalem Post , the Canadian newspaper chain Southam and hundreds of small US newspapers were bought out, Hollinger International began to suffer financial stress in the 1990s. Radler and Black then sold hundreds of their Canadian and US newspapers. Radler, who since the early 1970s in Vancouver , British Columbia lived, founded a company called Horizon Publications Inc . This bought up some of the US newspapers that belonged to Hollinger International.

The controversy developed from 2003 to 2004 after a $ 32,000,000 transfer made by Black and Radler when selling Hollinger International newspapers, which was declared as non-compete (a payment not part of the sales process) has been. The US Securities and Exchange Commission (as well as the Canadian authorities) announced that Black and Radler's involvement in the process was now being investigated.

Radler was accused of being guilty of the so-called mail and wire fraud's (in English, for example, "letter and telegraph fraud "). (This US federal law dates back to 1872 and punishes people who attempt to commit fraud using the mail or telegraph.) Mail-fraud is said to have been committed in five cases and wire fraud in two cases. On October 20, 2005, Radler was found guilty in Chicago in a mail fraud-related case relating to the money transfer.

Radler diverted these payments to a company controlled by himself and Conrad Black, Horizon Publications Inc. By disguising the money transfer as a "non-competitive" payment, Radler used a Canadian finance law to obtain tax exemption. Prosecutors argued that the money belonged to Hollinger International and was illegally and secretly diverted to Black and Radler. Radler was fined $ 250,000 and sentenced to 29 months in prison. However, Radler cooperated with the prosecutor in their investigation against his former business partner Black. He was subsequently summoned very often and his trial began in March 2007. The lawyer Patrick Fitzgerald was the lead prosecutor in the Black case, the defendant himself was represented by a team of the Toronto-based attorney Edward Greenspan.

In the fall of 2005, Queen's University, Radler's alma mater, returned a donation he had given to the university's School of Business . In contrast, a Toronto hospital was reported to have no intention of returning a donation from Conrad Black. This fact led some to doubt whether the university's return of the donation had been wise. For its part, the business school stated that Radley's conviction was "very serious" and inconsistent with the values ​​of the school and those who teach there.

On March 18, 2007, it was reported that Radler had reached a settlement with the US Securities and Exchange Commission (SEC) to pay a fine of US $ 29 million and no longer hold an executive position with a US company may. The following day it was announced that Radler had also reached an agreement with the Sun-Times Media Group to pay them an amount of $ 64.1 million. The news of the SEC settlement sparked protests from Black's defense at his trial. She complained that such news would negatively affect the jury.

According to a report by the Moshannon Valley Correctional Center in Pennsylvania, Radler began his 29-month prison term on February 25, 2008. He was transferred to FCI Ray Brook Prison in Upstate New York and extradited to the Canadian authorities on September 18, 2008. On December 15, 2008, he was paroled from the Ferndale Institution in Mission, British Columbia . He served only ten months of the 29-month prison sentence. He was released on parole because the court said it was unlikely that he would commit another act of violence before the sentence was up. In this context, the probation court stated that it was limited to only considering the issue of physical violence. It cannot decide on the financial consequential damage that is caused by the crime and by which the many victims are affected. Radler is currently working in the same industry again for the Alberta Newspaper Group in Vancouver.

Individual evidence

  1. ↑ Richard Siklos: Shades of Black. Conrad Black and the world's fastest growing press empire . Reed Books Canada, Toronto, Ont. 1995, ISBN 0-434-00041-8 , pp. 41 .
  2. ^ A b Paul Waldie: Radler plans to pen a 'business primer'. In: The Globe and Mail . December 18, 2008, accessed April 1, 2016 .
  3. ^ Paul Waldie: David Radler released on parole. December 15, 2008, accessed November 1, 2016 .

Other sources

personal data
SURNAME Radler, David
ALTERNATIVE NAMES Radler, F. David
BRIEF DESCRIPTION Canadian manager
DATE OF BIRTH 1944
PLACE OF BIRTH Montreal , Canada