Black, a Canadian-born British citizen, was found guilty in Chicago federal court of siphoning off millions of dollars from the sale of newspapers owned by Hollinger Inc, where he was the CEO and chairman.
President Donald Trump pardoned disgraced British media mogul Conrad Black (above), who served more than three years in prison in the United States for fraud.
Black, a prolific writer and historian in his own right, vehemently maintained his innocence and launched a series of libel lawsuits in Canada to strike back at the detractors he blames for destroying his once vast empire.
The statement said Lord Black had made "tremendous contributions to business", had written books on history and served as a tutor while in prison.
Previous year he published a book entitled Donald J Trump: A President Like No Other.More news: Vertonghen, Winks and Kane expected to be fit for Champions League final
More news: Microsoft releases emergency patches for serious RDS flaw
More news: Lankan software engineer, under Indian surveillance, key in Easter attack
President Donald Trump used his power of pardon to clear Conrad Black.
He wrote a column Thursday in Canada's National Post describing how Trump called him and revealed the pardon.
"My long ordeal with the US justice system was never anything but a confluence of unlucky events, the belligerence of several corporate governance charlatans, and grandstanding local and American judges", Black wrote. In 2015, Trump tweeted his thanks to Black for a previous bit of praise in print: "As one of the truly great intellects & my friend, I won't forget!" During his 2007 trial, Trump had been expected to testify as a witness in Black's defense, before Black's lawyers chose to not have him testify. He then pursued a partially successful appeal, in which a judge cut his sentence down to 42 months.
Examples of his work cited by the White House include biographies of Presidents Franklin D. Roosevelt and Richard Nixon. He spent more than three years in prison.
Other pardons have included Lewis "Scooter" Libby, former Vice-President Dick Cheney's chief of staff, who was convicted of lying about leaks to the media, and Jack Johnson, boxing's first black heavyweight champ, convicted in 1913 of taking his white girlfriend across state lines.
She said Black's case attracted broad support from many high-profile individuals - including former US Secretary of State Henry Kissinger, Elton John and Rush Limbaugh - who have "vigorously vouched for his exceptional character".