Archives
The founding family of Adelphia Communications Corp. agreed Monday to forfeit $1.5 billion in assets to settle sweeping federal fraud charges stemming from accounting shenanigans that cost investors billions of dollars and forced the nation’s fifth-largest cable provider into bankruptcy.
April 26, 2005
Entertainment & Arts
Roger Keating is to be named corporate executive vice president for the cable system’s operations in the Los Angeles region.
May 24, 2005
Technology and the Internet
Potentially clearing the way for the sale of its cable systems, Adelphia Communications Corp. has offered to pay the federal government $725 million to resolve criminal and civil fraud actions against the company and its founder, a regulatory filing disclosed Thursday.
March 25, 2005
Cable operator Adelphia Communications Corp. said Tuesday that it would move its corporate headquarters to Denver, leaving the small Pennsylvania town that was once synonymous with the company.
Jan. 29, 2003
Business
The Adelphia founder and his son receive some of the harshest prison terms in corporate cases.
June 21, 2005
Cable pioneer John Rigas and two of his sons were arrested Wednesday and accused of looting Adelphia Communications Corp. and treating it as their “personal piggy bank,” the latest development in one of the largest accounting scandals to rock Wall Street.
July 25, 2002
Founder John Rigas and his son Timothy are found guilty of looting the cable TV firm. Son Michael is acquitted of some charges in a partial verdict.
July 9, 2004
Telecom: Two sons and two other executives also are charged along with 77-year-old John Rigas.
Sept. 24, 2002
World & Nation
The family flew in Adelphia aircraft mostly for business, attorneys say. A staffer says he didn’t pry.
March 17, 2004
Courts: The Rigas family routinely raided the firm’s accounts, federal documents allege.
July 26, 2002