Ex-Adelphia Executive Set to Plead Guilty
From Bloomberg News
Former Adelphia Communications Corp. Vice President James Brown, who is facing charges of defrauding the cable television operator, is scheduled to plead guilty today, a U.S. court official said.
Brown, 40, is slated to appear before U.S. District Judge Leonard Sand in New York to enter the plea, courtroom deputy Danny Kenneally said. Brown, who resigned in May, would be the first of five people indicted on Sept. 23 to plead guilty.
Adelphia founder John Rigas, two of his sons, Brown and another former executive are accused of defrauding the company of more than $2.5 billion, hiding debts and inflating income.
