Bankrupt Adelphia Communications Corp. has agreed to pay the government $715 million to settle a federal fraud investigation, Attorney General Alberto Gonzales said Monday.

Adelphia will deposit the money in a fund that the government will use to compensate investors hurt by the fraud — making the settlement one of the largest of its kind, Gonzales said. As part of the settlement, members of the Rigas family, the company’s founders, have agreed to forfeit more than 95 percent of their assets.