The jury called him “St. Mark.” His attorney called him “a modern-day George Bailey,” referring to the Jimmy Stewart character in “It’s a Wonderful Life.” The judge called him “clearly the least culpable” of the defendants in the 15-week fraud trial of Conrad Black and other former executives from Hollinger International Inc., once owner of the Chicago Sun-Times and a chain of newspapers that was one of the largest in the world.
But that expressed sympathy didn’t stop the former Sun-Times GC, Mark S. Kipnis, from being convicted of fraud along with Black and other co-defendants accused of swindling $6 million in illegal noncompete payments from the company. Even though Kipnis was the only one of the accused who did not take any of the millions in illegal payments, the jury concluded that the fraud could not have been pulled off without the company’s lawyer going along with it.
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