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- John Rigas and his son, Timothy, were convicted of bank fraud, securities fraud and conspiracy - John Rigas was originally sentenced to 15 years, by the judge, due to his age of 82 - Rigas concealed 3 Billion of takings from the company and its external auditors
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
Study with Quizlet and memorize flashcards containing terms like ethics, business ethics, Adelphia Communications Corp. agreeance to pay $715 million to settle federal investigations stemming from rampant earnings manipulation by its founder John J. Rigas and his son, Timothy J. Rigas is an example of what?
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.
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.
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...
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Who were John Rigas & Timothy Rigas?
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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...
