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AP: Adelphia founder's son sentenced

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question everything Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 03:10 PM
Original message
AP: Adelphia founder's son sentenced
Adelphia founder's son sentenced

March 4, 2006

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.

Associated Press


Find this article at:
http://www.signonsandiego.com/uniontrib/20060304/news_1...

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bluestateguy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 03:20 PM
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1. More kid gloves treatment of white collar crime
Though I would oppose the death penalty in this case, the death penalty should be an option in white collar corporate crimes of a severe nature.

It would get the attention of the corporate white male community. It would be a sort of shock therapy (pun intended?).
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depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 03:55 PM
Response to Reply #1
3. Yep- that's just fucking sick
that 52 year old "kid" deserved 10+ years in a federal penetentiary- and not club fed, either.
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WhiteTara Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 03:27 PM
Response to Original message
2. I hope his sentence includes
restitution. 10 months at home and gets to keep the loot wouldn't be justice in my mind.
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acmejack Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-04-06 04:27 PM
Response to Original message
4. Well at least it's worse than torturing a man to death.
But not as bad as smoking pot. I guess they figure all the people Adelphia cheated weren't really victims.
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