CHICAGO - Conrad Black has lost his last attempt to get bail pending a Supreme Court hearing of his fraud case.

Judge Amy St. Eve, who presided over the original trial in Chicago, denied Black's bid, saying he failed to establish that a ruling in his favour was likely to result in reversal of his obstruction of justice conviction.

She says in her decision she also doesn't think that a successful appeal will lead to a shorter sentence than the amount of time he'll have spent in jail awaiting appeal.

The Supreme Court has agreed to hear Black's case but denied him bail, sending the matter down to the lower court.

A jury found Black and three co-defendants guilty of fraud in 2007 after a four-moth trial, while Black was also found guilty of obstruction of justice.

A hearing into the matter, which had been scheduled for next week, has been cancelled.