Adelphia Communications founder John Rigas and his son, the defunct cable company's chief financial officer, have appealed their fraud convictions to the U.S. Supreme Court. Convicted in 2004 on multiple charges of securities fraud, conspiracy to commit bank fraud and bank fraud, John Rigas was sentenced to 15 years and Timothy Rigas to 20 years. Previously, a federal appeals court that upheld the Rigases' convictions said the family had looted over $200 million from Adelphia, which collapsed in 2002.
October 12, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Adelphia Communications founder John Rigas and his son, the defunct cable company’s chief financial officer, have appealed their fraud convictions to the U.S. Supreme Court.
John Rigas, 82, was sentenced to 15 years and Timothy Rigas, 51, to 20 years for their roles in Adelphia’s collapse. They were convicted in 2004 on multiple charges of securities fraud, conspiracy to commit bank fraud and bank fraud.
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