NPR logo

Adelphia Settlement to End Fraud Investigation

  • Download
  • <iframe src="https://www.npr.org/player/embed/4619611/4619612" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Adelphia Settlement to End Fraud Investigation

Business

Adelphia Settlement to End Fraud Investigation

Adelphia Settlement to End Fraud Investigation

  • Download
  • <iframe src="https://www.npr.org/player/embed/4619611/4619612" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Bankrupt Adelphia, the fifth-largest cable provider in the country, has agreed to pay the government $715 million to settle a federal fraud investigation. The company's founder John Rigas and his family members have also agreed to forfeit their assets.