Kipnis avoided a prison sentence for his part in the fraud because he did not receive the millions of dollars that his codefendants Conrad Black Peter Atkinson and John Boultbee had received. His sentence was five years probation and six months of electronic home-monitoring. He was also ordered to carry out 275 hours of community service.
- Stephen Foley, Lord Fraud: Conrad Black faces jail after being convicted on four counts of fraud and obstruction, The Independent, 14-July-2007, Accessed 26-May-2009
- Susan Chandler,KIPNIS ESCAPES PRISON TIME ‘Least culpable’ gets probation only, The Chicago Tribune, 11-December-2007, Accessed 26-May-2009