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Rigases Lose Appeals Bid.(Adelphia Communications' John and Timothy Rigas)
By Mike Farrell
Former Adelphia Execs Are a Step Nearer to Prison Time
Former Adelphia Communications executives John and Timothy Rigas lost the appeals to their July 2004 conviction on federal conspiracy and fraud charges and moved another step closer to serving their prison terms.
The Rigases were convicted in federal court in Manhattan in 2004 on 18 counts of conspiracy, securities fraud and bank fraud, stemming from the massive accounting scandal that bankrupted the cable company. John Rigas, the founder and former chairman of Adelphia, was sentenced in June ...
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