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Sunday, August 12, 2007

WESB News: 08/12/07 - Adelphia Founder Headed to Prison

Adelphia Communications founder John Rigas will report to the Federal Medical Center in Rochester, Minnesota, to begin a 15-year sentence for a 2004 securities fraud conviction.

His son, 51-year-old Timothy Rigas, Adelphia’s former chief financial officer, will begin a 20-year sentence at an adjoining federal prison in Butner on Monday. A federal court denied their requests for extended bail and a delay in the surrender date.

The 80-year-old Rigas will be in the same detention site that held a number of high profile inmates, including Jim Bakker and former politicians Don Rostenkowski and James Trafficant.

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