Prosecutor says Adelphia bankrupted by founder's greed - Jun. 16, 2004
Closing arguments are underway in the Adelphia Trial. It is approaching 4 months since the trial began. Interesting, although not surprisingly, the Rigases did not take the stand (if this were Letterman, he would say it was the only thing they didn't take--just kidding!!!). Of course, they are innocent until proven guilty, but having written two published cases on Adelphia, I am of teh opinion that minimally they are guilty of amazingly poor accounting practices and an almost complete lack of minority shareholder protections.