Tuesday, August 14, 2007

Adelphia's Rigases Report to Prison - Forbes.com

Adelphia's Rigases Report to Prison - Forbes.com:
"After fighting one of the nation's largest corporate fraud cases, former Adelphia Communications executives John and Timothy Rigas reported Monday to a federal prison in North Carolina. Adelphia founder John Rigas and his son Tim, the company's former chief financial officer, were convicted in 2004 on multiple charges of securities fraud, conspiracy to commit bank fraud and bank fraud, but had remained free while their appeals navigated the court system. In June, U.S. District Judge Leonard Sand rescinded the order allowing them to remain free, giving the father and son until Aug. 13 to report to prison."
For some past coverage of the Adelphia case click here.

1 comment:

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