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Adelphia Founder, Son Found Guilty of Fraud

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Adelphia Founder, Son Found Guilty of Fraud

Business

Adelphia Founder, Son Found Guilty of Fraud

Adelphia Founder, Son Found Guilty of Fraud

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  • <iframe src="https://www.npr.org/player/embed/3226043/3226044" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

A federal jury convicts John Rigas, the 79-year-old founder of Adelphia Communications, of securities fraud and conspiracy. His son Timothy was also found guilty. The two were accused of conspiring to hide more than $2 billion in debt from shareholders and diverting some $100 million to their personal use. Two co-defendants were found not guilty in the case. Hear NPR's Jim Zarroli.

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