A federal appeals court has upheld the prison sentences of John J. Rigas and Timothy Rigas in the massive corporate fraud at Adelphia Communications Corp.
The 2nd U.S. Circuit Court of Appeals said Monday that Southern District of New York Judge Leonard B. Sand acted well within his discretion in sentencing John J. Rigas to 12 years in prison and his son, Timothy, to 17 years. The pair were convicted by a jury in 2004 of conspiracy, bank fraud and securities fraud.
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