November 23, 2005
Michael Rigas Faces Jail Time
According to CNN (here), Michael Rigas, the former COO of Adelphia Communications, plead guilty to signing a false statement in an agreement that recommends a sentence of 6-12 months. The founder and former CEO of Adelphia Communications, John Rigas, previously received a 15-year term of imprisonment, while his son Timothy received a 20-year sentence (see posts here and here). Both are facing new charges of tax evasion (see here).
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