John Rigas


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John Rigas

An American businessman who co-founded Adelphia Communications. He built it into a large cable provider with customers in 30 states. In 2004, he was convicted of wire fraud and other fraud charges. He was sentenced to 15 years in prison. He was born in 1924.
References in periodicals archive ?
Hosting the event was His Excellency Sheikh Mohammad bin Hamad bin Jassim al Thani, Chairman of the Barwa Bank Group and, John Rigas, Chairman of Asprey, as well as important Barwa Bank clients, senior management and employees.
Butner does house other white-collar criminals, such as John Rigas, the founder of Adelphia Communications, and his son, Tim, the company's chief financial officer, who were convicted of fraud.
In June 2002, Buffalo Sabres owner John Rigas surrendered control of the franchise to the NHL after he was charged with bank, wire and securities fraud as CEO of Adelphia Cable.
John Rigas, founder of Adelphia, got 15 years in prison for stealing from the cable giant.
ADELPHIA FOUNDER John Rigas got 15 years (a life sentence for the 80-year-old executive), and former WorldCom CEO Bernard Ebbers got 25-two victories in the government's post-Enron wave of corporate fraud prosecutions.
John Rigas of Adelphia is another, as is convicted felon Charles Keating of Savings and Loan fame.
Charles Raptis, a former assistant to Adelphia founder John Rigas, says he tried several times to reclaim the cars (including a $50,000 Lexus SUV, a Cadillac convertible and a Corvette convertible) and finally threatened to call the cops "to file charges for the return of stolen property.
In response to the antics of CEOs like Skilling, Kozlowski, Adelphia's John Rigas and others, corporate directors are now saying that "integrity" will henceforth rank high on the list of qualifications for the CEO position.
In the mid-1990s, indicted former CEO John Rigas put
Adelphia Communications Corporation boss John Rigas and two of his sons, who were also arrested, were accused of using the now- bankrupt firm as their "personal piggy bank".
Before the opulent headquarters-made of brick, marble, granite and bronze-was even open for business, John Rigas, Adelphia's CEO, and his son Tim were indicted for corporate fraud.
Adelphia founder John Rigas and his son Timothy, the company's former finance chief, were convicted in July 2004 of conspiracy, bank fraud and securities fraud.