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Adelphia Communications Corp. founder John Rigas and his son faced sentencing Monday, almost a year after they were convicted of stealing millions of dollars from the cable company and deceiving investors by hiding its crushing debt.Rigas and his son Timothy, the company s former chief financial officer, faced up to 30 years in prison each on their bank fraud convictions alone. They were also convic
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stanley bottle andatory.The sentencings were set for Monday afternoon at a federal courthouse in downtown Manhattan. They come just three days after another major white-collar conviction: A state court jury found former Tyco International Ltd. CEO L. Dennis Kozlowski and former Tyco CFO Mark Swartz guilty of looting that company of $600 millio
stanley ca n.John Rigas, 80, founded Adelphia with a $300 license in 1952, took it public in 1986 and built it into a cable titan by acquiring other systems in the 1990s. The company, then based in tiny Coudersport, Pa., collapsed into bankruptcy in 2002 after it disclosed a staggering $2.3 billion in off-balance-sheet debt. It now operates under bankruptcy protection in Greenwood Village, Colo.At the trial, prosecutors said the Rigases used complicated cash-management systems to spread money around to various family-owned entit Rvdn Who would win in a fight between superheroes and video game characters
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