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Conrad Black released from Miami jail

Disgraced media mogul Conrad Black has been released from prison after serving just over three years for defrauding investors.

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Former press magnate Conrad Black and wife Barbara Amiel leave federal court in Chicago where he was re-sentenced to 3 1/2 years in prison on June 24, 2011. (Brian Kersey/AFP/Getty Images)

Disgraced media mogul and convicted felon Conrad Black has been released from jail in Miami after serving just over three years for defrauding investors.

The 67-year-old, whose Hollinger International media company once owned The Daily Telegraph, The Chicago Sun-Times, The Jerusalem Post and the Sydney Morning Herald, left prison early on Friday, according to the BBC.

A spokesman for the U.S. Federal Bureau of Prisons confirmed Black's release but could not comment on his current whereabouts, The Wall Street Journal reports.

More from GlobalPost: Canada crying foul with Conrad Black headed back

Earlier this week, Black received a one-year temporary residency permit to re-enter and live in Canada upon his release, the Globe and Mail reported, a decision that drew sharp criticism from opposition politicians given Black’s renunciation of his Canadian citizenship in 2001 to become a British lord.

In 2003, Hollinger shareholders accused Black and his associates in Chicago of running a $500-million “corporate kleptocracy,” and a Chicago court eventually convicted him of awarding himself $6 million in tax-free bonuses without board approval, the Toronto Star reports.

A judge sentenced him to 6 and a half years in prison in 2007, of which he served two years. He was freed briefly on $2 million bail while the courts considered his case and was re-sentenced last June to 42 months. He is being released after eight months due to good behaviour.

More from GlobalPost: Ex-media mogul Conrad Black to be freed Friday

http://www.globalpost.com/dispatch/news/regions/europe/united-kingdom/120504/conrad-black-released-miami-jail