More woes for Lord Black
Posted by
Jeffrey Blyth
on 7 March 2006 at 12:07
Tags: Journalism, United States
Sotheby’s, the international auction house and real-estate brokerage, is suing the troubled former newspaper publisher for $557,000 — the commission it says it is owed for selling his apartment on Manhatta’s Park Avenue.
Lord Black, it’s claimed, got paid for the apartment — somewhere just over $10 million — but the US tax authorities stepped in and seized the payment. They claimed the apartment had been originally bought with illegal funds from Hollinger International. Lord Black’s cheque was returned to Sotheb’s with “Payment Stopped� stamped on it.
Tags: Journalism, United States
