White-Collar Prisons Open as Black Goes First: Ann Woolner
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A prison gate in Florida opened this week to free former newspaper magnate Conrad Black. The first white-collar convict helped by a new decision from the U.S. Supreme Court, Black won’t be the last.
The ruling isn’t going to empty U.S. prisons of all ex-executives and public officials accused of cheating shareholders or taxpayers. Total exoneration will be rare at best, and Black might find himself back in custody once his case plays out.