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John James Rigas (November 14, 1924 – September 30, 2021) was an American businessman who was one of the founders of Adelphia Communications Corporation, which at its peak was one of the largest cable TV companies in the United States.
JOHN J. RIGAS, 83, and TIMOTHY J. RIGAS, 52, were found guilty by a jury in July 2004, after a five-month trial before United States District Judge LEONARD B. SAND -- who imposed yesterday's sentences and originally sentenced the defendants to 15 and 20 years in prison, respectively.
Jul 9, 2004 · John Rigas and Timothy Rigas, who was Adelphia's former chief financial officer, were found guilty of one count of conspiracy, 15 counts of securities fraud and 2 counts of bank fraud.
In June 2005, John and Timothy Rigas were found guilty for "looting and debt-hiding". John Rigas was sentenced to 15 years in prison, while Timothy received a sentence of 20 years. [ 4 ] In 2007, both men were ordered to report to Butner Federal Correctional Complex . [ 6 ]
On July 8, 2004, John and Timothy were found guilty of conspiracy, securities and bank fraud. They were convicted of hiding $2.3 billion in debt, while looting Adelphia of $100 million. Michael avoided prison by pleading guilty to making a false entry in a financial record.
Jun 20, 2005 · John Rigas, the founder of Adelphia Communications, was sentenced Monday to 15 years in prison nearly a year after being convicted for his role in a multibillion-dollar fraud that led to the...
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Sep 30, 2021 · John and Timothy Rigas were convicted by a federal jury in 2004 for conspiracy, bank fraud and securities fraud. John was found guilty of 18 of the 23 charges against him and was sentenced to...
