SEC Seeks $10M Penalty From 'Unrepentant' Conrad Black

Law360, New York (July 27, 2012, 3:09 PM EDT) -- The U.S. Securities and Exchange Commission asked an Illinois federal court on Thursday to boost the penalties against Conrad Black to a total exceeding $10 million, saying the fallen newspaper magnate is unrepentant after his fraud conviction and that the punishment would stand as a warning to other corporate leaders to abide the law.

In a motion filed in federal court in Chicago, the SEC seeks $4.1 million in triple-tier civil penalties, in addition to the $3.8 million in disgorgement that Black has already been ordered...
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