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What were the consequences to the Adelphia executives? a. Everyone was sentenced to prison b. Everyone but John Rigas was acquitted of all charges c. John Rigas was sentenced to 15 years while Timothy Rigas was sentenced to 20 years d. They only had to pay a $1.5 billion settlement
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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.
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 ]
Jun 20, 2005 · John J. Rigas, who built the Adelphia Communications Corporation into the country's sixth-largest cable company, was sentenced to 15 years of prison today for looting hundreds of millions of...
Jun 20, 2005 · John Rigas, who ran Adelphia for more than five decades, and Timothy were convicted last July on 18 felony counts apiece of fraud and conspiracy. Because they were each found guilty of...
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Jun 20, 2005 · John Rigas, who turned a $300 investment a half-century ago into cable behemoth Adelphia Communications Corp., was sentenced to 15 years in prison Monday for his role in the looting and...
