Nov 10 2007
Black Ready to Pony Up Million Dollar Fine
Former House Speaker Jim Black has a buyer for a parcel of choice real estate in Matthews in a deal that will close next month, the deadline for him to pay a $1 million fine from his corruption convictions.Black listed the land for $950,000. The sale, though, has not closed, so no public documents have been filed that would disclose the buyer’s identity or the price.
Black, 72, is currently serving a 63-month sentence in a federal prison camp in Lewisburg, Pa, for a federal corruption conviction.
In a separate state corruption conviction, the judge ordered Black to pay $1 million by December 10 or serve another 23 months.
He is expected to pay the fine.
