The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area.

CARE TO CONTRIBUTE?

TIPS, COMMENTS and QUESTIONS are always welcome (and strictly confidential).

Contact The Daily Caveat via:



Join our mailing list to new posts via email.



Or justrss icon read the feed...


Previous Posts
3/06/2006
Adelphia Founder Son Sentenced to Home Confinement on Bank Fraud Charges
Via the San Diego Union Tribune:
Adelphia founder's son sentenced

March 4, 2006
San Diego Union Tribune

Michael Rigas, son of Adelphia Communications Corp. founder John Rigas, was sentenced to 10 months home confinement by a judge who said he was “close to being a pawn” in a family-run cable television business portrayed as a house of fraud.

The 52-year-old Rigas was sentenced in U.S. District Court in Manhattan after pleading guilty to a charge of making a false entry in a company record, eliminating the need for his retrial on much more serious securities fraud and bank fraud charges.

The judge said he had no doubt that Michael Rigas's misconduct “pales in comparison to that of his father and brother.” Last year, John Rigas and another son, Timothy, were sentenced after they were convicted of using the company's funds like a bank teller machine as they hid more than $2 billion in company debt.
The original article appears here. For more on the sentencing of the other Rigas boys, click here.

-- MDT
0 Comments.
Post a Comment


all content © Michael D. Thomas 2010