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Wednesday, November 25, 
11:23 am

Rigas finally report to prison

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After fighting one of the U.S.'s largest corporate fraud cases, former Adelphia Communications executives John and Timothy Rigas reported Monday to a low-security federal prison in Butner, N.C. The father and son were convicted on several charges of securities and bank fraud in 2004, but they have spent the last three years free as they appeal their case. The pair ran the cable empire that John Rigas built like a personal bank, ultimately leading to the 2002 bankruptcy of the then-fifth-largest cable provider in the U.S. —Matthew Wurtzel

See story from The New York Post
See post from BloggingStocks
See bankruptcy profile from BankruptcyInsider.com (subscription required)

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