WASHINGTON, March 16 (Reuters) - The former chief operating officer of Hollinger International Inc. has agreed to pay $28.7 million to settle fraud charges, the U.S. Securities and Exchange Commission said on Friday.
The SEC accused David Radler of misappropriating millions of dollars from the company and making numerous misstatements to shareholders.
Radler, who was also deputy chairman of the Chicago-based media company that was renamed Sun-Times Media Group Inc. SVN.N, agreed to pay $23.7 million in disgorgement, $5 million in civil penalties, and was also barred from serving as an officer or director of a public company, the SEC said. He agreed to the settlement without admitting or denying the charges.
An attorney for Radler could not immediately be reached for comment.