Rigas Family Gets Locked Up


John and Timothy Rigas, the father and son who used Adelphia funds for such opulent treasures as 100 pairs of bedroom slippers and two $3000 Christmas trees were ordered to prison after a four-year appeal process. Adelphia Communications collapsed in 2002 when the firm disclosed $2.3bn in off-balance-sheet debt.
Both Rigases must report to the slammer on August 13, Timothy for twenty years and John, who is 82, for fifteen.
Adelphia founder Rigas and son told to report to prison in August for fraud convictions [Boston Herald]



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By World Economic Forum [CC BY-SA 2.0], via Wikimedia Commons

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