Oh happy, happy, Freude, Freude!:

Conrad Black is facing the battle of his life with U.S. justice officials, who have slapped him with a sweeping criminal indictment that could send him to jail for 40 years.

U.S. Attorney Patrick Fitzgerald alleged yesterday that, through lies, greed and theft, Lord Black and three former colleagues diverted $84-million (U.S.) out of investors’ hands and into their own pockets.

“All in all, what has happened here has been a gross abuse by officers and directors and insiders who decided to line their pockets,” said Mr. Fitzgerald, U.S. Attorney for the Northern District of Illinois.