The New York Times > Business > Son Tries to Distance Himself at Adelphia Trial: "Michael J. Rigas, the former Adelphia Communications vice president, was too busy managing the company's cable TV systems to have joined in the misdeeds that crippled the company, his lawyer said yesterday in the closing arguments of his criminal trial"
Closing arguments are being made in the Adelphia trial and it looks like it is every man for himself!
The trial, which has dragged on for months, was punctuated with witnesses for each side merely saying the other side was wrong. I do not claim to have any inside knowledge on this, but from what I have seen of the trials, there is little chance of the accused being completely exonerated. The key question left (IMO) is whether they will get jail time.
Also what does the IRS have to say about all of this? For instance, consider the money (eventually cut to $1 million a month) that John Rigas was getting and not reporting on the firm's financial statements. Was he claiming it on his personal income taxes? If not that seems like an easy case to try.
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