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Wednesday, May 28, 2008

Press Secretary Lends Credibility To Rigases Claims Of Media Manipulation By Bush Administration

Adelphia Was Nation's Fifth Largest Cable Company

By James Jones

Former Presidential Press Secretary Scott McClellan's statements about how the Bush Administration managed the press, to influence the start of the Iraq War, lends a great deal of credibility to the Rigas family's claims that they were the victim of Bush's media blitz against them to prove that Bush was doing something about corporate corruption.

The famous perp walk, after the Rigases had offered to turn themselves in, done in front of all the media news cameras, and the government publicity campaign to convict the Rigases, guaranteed that John and Tim Rigas didn't have a chance in court.

Outside financial experts, and their companies, paid millions of dollars in fines as a result of the Adelphia episode. These were the experts that the Rigases relied on to make sure that this company, that John started from scratch in the tiny Boro of Coudersport, PA, was doing everything according to hoyle as Adelphia grew to be the 5th largest cable company in the United States.

As I have written before, John, who was characterized as not knowing what color socks to put with his suit in a Buffalo Evening News interview a few years ago, could not have had the kind of knowledge that it would have taken to pull the wool over the eyes of these professional financial experts.

And even when testimony of one of the main men, involved with finance in Adelphia, in another proceeding, was in direct conflict with testimony he offered in the Rigas case, the Rigases appeals were denied. The government had decided to make the case against this small town entrepreneur stick like glue. They were an easy target.

The unprecedented media blitz of the bigtime media, manipulated by the Bush Administration, all but guaranteed that the government would get a conviction. The average juror wouldn't have a clue about the finance doings of a corporation the size of Adelphia. Axe murderers have been accorded a fairer trial in this country than John and Tim Rigas.

There is nowhere in this country that the government's media blitz did not reach. There is nowhere that a trial could be held that the jury pool was not contaminated by the media manipulation of the Bush Administration.

Every story written by the mainstream media, since the Adelphia story broke, has been tagged with the government's allegations of the Rigases misconduct.

The truth behind the story is that John Rigas started a business from nothing and worked hard and grew it to a multimillion dollar corporation. In the process, he became well to do. That is a crime in itself for many who weren't so fortunate.

What you didn't see the mainstream media report was how sleepy little Coudersport, a farm town in remote Potter County, was transformed into a booming location with many new jobs and new houses built on the mountains and in town. How many existing businesses were thriving, and new business ventures were started.

Residents for miles around Coudersport, for the first time in their lives, were able to find jobs with decent pay and benefits, thanks to the Rigases. Coudersport got a McDonalds, and a Sheetz that was open 24 hours a day, and a Subway. You hear people complain about what has happened since the demise of Adelphia here, but, working conditions here were pretty bad before Adelphia. John was determined to keep control of the corporation, so he could keep the company in Coudersport, his home town.

No one knows the extent of how many times John Rigas came to the aid of his employees or townspeople. John could have written the book on giving back. The championship golf course he was building would have put Potter County on the map with a great tourist attraction. The cell phone operation that was nearly ready to go online, would have offered nearly complete coverage in Potter County and most of western Pennsylvania with unlimited talk time.

Adelphia, could have survived as a stand alone company, showing a profit for the first time, just before being liquidated to Time Warner and Comcast who dumped the Coudersport operation like a hot potato. Schlyer and Cooper were given millions and their job was to liquidate the company.

And Judge Leonard Sand can't believe the audacity of the Rigases who refuse to admit that they are the scoundrels that the Bush Administration has painted them. John Rigas still has the audacity to believe the American justice system will set him free because he didn't do anything wrong.

Solomon's words has been provided with a copy of James Rigas's statement of testimony before Judge Leonard Sand in the recent re-sentencing hearing. It is lengthy, but very informative, giving voice to the Rigases side of the story which has never been published in a concise form without the government's propaganda. Click here to read this document on another page.

Anonymous said...

Great article Dad!!! Should be called "The Rigas Railroading" Brad Jones

Anonymous said...

John Rigas Good? John Rigas Bad?

Did the Rigases do these things?

1.Lied about the source of $1.6 billion used to buy company stock and debt and stole

2. Took $51 million in illegal cash advances.

3. Spent $26.5 million in company money to buy timberland near their home and $13 million to build an Adelphia golf course on land owned by the company and the family.

4. Paid for antiques, family residences and a personal trainer.

5. Hid over 2 Billion dollars in off the books undisclosed debt.

It's quite a bunny jump from Scott McClellan to John Rigas. I guess if we believe George Bush had it in for the Rigas Clan for his own gain then it logically follows the entire war is a fraud because it's a product of the Bush Media machine too.

Why can't we just move on and call it what it is:
Rigas - good in the past for Potter County
Rigas - Not so good since committing crimes

Meanwhile, I sit and watch my property value here in coudersport go down and my gas & food bill go up.

Always ask Cui bono? it always leads you to the truth.

Anonymous said...

to anonymous above...

1. Lied to whom? The banks, outside counsel, Deloitte and board of directors clearly knew that coborrowed funds were used to make security and stock purchases.

2. Again clearly documented advances as part of outside counsel approved estate planning for john rigas.

3. Mr. Jones clearly describes the benefit of the planned golf course and it really would have helped your property value.

4. Clearly documented transactions that were meticulously documented regardless of what name appeared on the paycheck.

5. Hid? Hardly. Disclosed the amount in the March 27th Press Release and prior to that, based on Deloitte's recommendation, the disclosure said either party, meaning Adelphia or the Rigas Family entities could borrow up to the full amount of the co-borrowing credit facilities which was over $3 billion - any discerning investor would/could have assumed the full amount had been borrowed.

So, your property value falls, but if it weren't for Adelphia, it wouldn't have been worth beans in the first place. But, remember, property values aren't exactly wonderful anywhere in the country right now...or do you want to blame John Rigas for that too. Please do some reading and get your facts straight.

Anonymous said...

Yes, thank you, for the facts about John and his advisors, you have outlined the essence of a conspiracy. Two or more people acting in concert which breaks the law.

Their actions violated the law.

"Jurors found that the Rigases lied about the source of $1.6 billion used to buy company stock "

Hid from stock holders - Off the books, only disclosed on 2/27. thats a no no for public companies, gotta put on the books

Why do you excuse them for their ignorance?

The fact that none of them claimed to know they were breaking the law does not and can not excuse them, except in potter county, where rigas apologists reign supreme.

I firmly believe Mr Rigas believes he did noting wrong, but that is a weak defense.

Are we a nation of law or a nation of men?


Do you truly believe Mr Rigas & company & advisors did not break the law as charged? Was it all a fiction?

Or is it that the Bush administration, the media, the review accountants, the attorneys, the judge, the talking heads, the jurors (anyone else I should include?) met in a dark smokey room and voted to get Adelphia, John & Tim?

Is that the prevaling conspiracy theory?

The next time I get stopped for a traffic violation, should I refer to the "Rigas Defense" and garner sympathy from the officer & the potter county public.

Read the trial transcript & the statutes for enlightenment or track down one of the review accountants and ask them what they thought of the "books". I have heard them speak.

Leave the red herrings, media conspiracies, goverment plots, quaint stories about the man with mis matched socks & santa clause demeanor behind.

Find the law, buy the transcript & see how the actions by all parties impacted the law. Nothing more, nothing less.

Hopefully you will ease through only mild state of cognitive dissonance on your way to revelation.

It's a shame, we all make mistakes, some bigger than others.
Our job is to forgive, not forget.

Be a lover of truth, this time they broke the law & everybody has to pay, some more than others.

PS. I don't blame John Rigas for my falling property values, everyone knows it the fault of reptilian alien shape shifters annointed by the queen of england. :)

Anonymous said...

The fact of the matter is they got caught! And now that they got caught .They need to take the face the penalties that go along with it. My personal opinion is that John get put of prison and let his boy take all of it. John built it up from nothing to what it was. Then he turned it over to his greedy son that never had to work a day in his life for a dam thing!!
If they still wanted to keep taking money from the company then they shouldn’t of added stockholders to the company. It went from being just the family money to everybody’s money! And now that it did happen were suppose to feel sorry for the family for ruining Coudersport. Heck they affected almost the whole United States with all the jobs people lost. There was a family that moved out here from California bought a brand new house in Coudersport didn’t even live here a year lost his job. What about him and his family.
Looks like Level 3 is next company to be leaving Coudy. Every week there laying more people off, another Rigas Company. So have they helped Coudersport? I think Coudersport was doing fine before they decided to tear the whole place down and but parking lots and a big building in town that no one will ever use. And Sheetz was long here before Adelphia took off.
We should thank a Tom Majot not a John Rigas for bringing that to town. Also thank him for the Dollar General, Movie Gallery also.
So do I feel sorry for them sitting in jail? I do for John Yes, but for Tim Hell no! Let John out to let him come back to see what happened to Coudersport. That should be tough enough punishment for him to deal with. And let Tim sit in prison and maybe add some to it !Father Builds it up from nothing to a Empire and boy ruins it!

Anonymous said...

Regardless whether they right or wrong or whether they knew or didn’t know what they were doing. You cannot honestly tell anyone that he deserves to live out the rest of his life in prison. We see everyday rapists, murders, drug dealers, and child molesters that get less time than someone that did as much if not more good than he did badly. It is a joke that he is sitting in a prison cell period end!! What is really sickening is that John and Tim are sitting in prison while there is one free individual that was directly involved from day one that is walking the streets of Coudersport everyday of the week. Funny how you get off Scott free when you turn on someone like a rabid dog!!

DumAnDummer said...

1) Who honestly thinks that a golf course out in the middle of nowhere...right next to a huge dairy farm would be good for the area?

2) I really wish that i had 100 pairs of bedroom slippers from a fancy hotel.......

Anonymous said...

in response to DumAnDummer:

1. Where else CAN you put a golf course? In the middle of downtown?? Golfers go for miles to find new and challenging golf courses and many of the people that moved to this area were glad to hear/see it happening.

2. The slippers were like $2 a pair. The govt lawyers spend more than the total of all 100 pairs on a simple lunch!!

Patrigor@aol.com said...

The only thing I have really read about this case were the court papers themselves. They showed that an accounting system was set up to allow all money from Adelphia and smaller Regas family businesses to be in essence pooled into one fund, then all expenses from adelphia and the private Regas companies to be paid from that one pooled source, thus mixing private funds with a publicly held company. This was not only unorthadox accounting practice but also illegal. Several (non-Regas family) Adelphia board memebers resigned once they saw how it was set up. I find it hard to believe that John Regas didn't know what was happening and his son certainly had to have known as well as other family members involved in the smaller Regas companies.

9 comments :

Anonymous said...

Great article Dad!!! Should be called "The Rigas Railroading" Brad JOnes

Anonymous said...

John Rigas Good? John Rigas Bad?

Did the Rigases do these things?

1.Lied about the source of $1.6 billion used to buy company stock and debt and stole

2. Took $51 million in illegal cash advances.

3. Spent $26.5 million in company money to buy timberland near their home and $13 million to build an Adelphia golf course on land owned by the company and the family.

4. Paid for antiques, family residences and a personal trainer.

5. Hid over 2 Billion dollars in off the books undisclosed debt.

It's quite a bunny jump from Scott McClellan to John Rigas. I guess if we believe George Bush had it in for the Rigas Clan for his own gain then it logically follows the entire war is a fraud because it's a product of the Bush Media machine too.

Why can't we just move on and call it what it is:
Rigas - good in the past for Potter County
Rigas - Not so good since committing crimes

Meanwhile, I sit and watch my property value here in coudersport go down and my gas & food bill go up.

Always ask Cui bono? it always leads you to the truth.

Anonymous said...

to anonymous above...

1. Lied to whom? The banks, outside counsel, Deloitte and board of directors clearly knew that coborrowed funds were used to make security and stock purchases.

2. Again clearly documented advances as part of outside counsel approved estate planning for john rigas.

3. Mr. Jones clearly describes the benefit of the planned golf course and it really would have helped your property value.

4. Clearly documented transactions that were meticulously documented regardless of what name appeared on the paycheck.

5. Hid? Hardly. Disclosed the amount in the March 27th Press Release and prior to that, based on Deloitte's recommendation, the disclosure said either party, meaning Adelphia or the Rigas Family entities could borrow up to the full amount of the co-borrowing credit facilities which was over $3 billion - any discerning investor would/could have assumed the full amount had been borrowed.

So, your property value falls, but if it weren't for Adelphia, it wouldn't have been worth beans in the first place. But, remember, property values aren't exactly wonderful anywhere in the country right now...or do you want to blame John Rigas for that too. Please do some reading and get your facts straight.

Anonymous said...

Yes, thank you, for the facts about John and his advisors, you have outlined the essence of a conspiracy. Two or more people acting in concert which breaks the law.

Their actions violated the law.

"Jurors found that the Rigases lied about the source of $1.6 billion used to buy company stock "

Hid from stock holders - Off the books, only disclosed on 2/27. thats a no no for public companies, gotta put on the books

Why do you excuse them for their ignorance?

The fact that none of them claimed to know they were breaking the law does not and can not excuse them, except in potter county, where rigas apologists reign supreme.

I firmly believe Mr Rigas believes he did noting wrong, but that is a weak defense.

Are we a nation of law or a nation of men?


Do you truly believe Mr Rigas & company & advisors did not break the law as charged? Was it all a fiction?

Or is it that the Bush administration, the media, the review accountants, the attorneys, the judge, the talking heads, the jurors (anyone else I should include?) met in a dark smokey room and voted to get Adelphia, John & Tim?

Is that the prevaling conspiracy theory?

The next time I get stopped for a traffic violation, should I refer to the "Rigas Defense" and garner sympathy from the officer & the potter county public.

Read the trial transcript & the statutes for enlightenment or track down one of the review accountants and ask them what they thought of the "books". I have heard them speak.

Leave the red herrings, media conspiracies, goverment plots, quaint stories about the man with mis matched socks & santa clause demeanor behind.

Find the law, buy the transcript & see how the actions by all parties impacted the law. Nothing more, nothing less.

Hopefully you will ease through only mild state of cognitive dissonance on your way to revelation.

It's a shame, we all make mistakes, some bigger than others.
Our job is to forgive, not forget.

Be a lover of truth, this time they broke the law & everybody has to pay, some more than others.

PS. I don't blame John Rigas for my falling property values, everyone knows it the fault of reptilian alien shape shifters annointed by the queen of england. :)

Anonymous said...

The fact of the matter is they got caught! And now that they got caught .They need to take the face the penalties that go along with it. My personal opinion is that John get put of prison and let his boy take all of it. John built it up from nothing to what it was. Then he turned it over to his greedy son that never had to work a day in his life for a dam thing!!
If they still wanted to keep taking money from the company then they shouldn’t of added stockholders to the company. It went from being just the family money to everybody’s money! And now that it did happen were suppose to feel sorry for the family for ruining Coudersport. Heck they affected almost the whole United States with all the jobs people lost. There was a family that moved out here from California bought a brand new house in Coudersport didn’t even live here a year lost his job. What about him and his family.
Looks like Level 3 is next company to be leaving Coudy. Every week there laying more people off, another Rigas Company. So have they helped Coudersport? I think Coudersport was doing fine before they decided to tear the whole place down and but parking lots and a big building in town that no one will ever use. And Sheetz was long here before Adelphia took off.
We should thank a Tom Majot not a John Rigas for bringing that to town. Also thank him for the Dollar General, Movie Gallery also.
So do I feel sorry for them sitting in jail? I do for John Yes, but for Tim Hell no! Let John out to let him come back to see what happened to Coudersport. That should be tough enough punishment for him to deal with. And let Tim sit in prison and maybe add some to it !Father Builds it up from nothing to a Empire and boy ruins it!

Anonymous said...

Regardless whether they right or wrong or whether they knew or didn’t know what they were doing. You cannot honestly tell anyone that he deserves to live out the rest of his life in prison. We see everyday rapists, murders, drug dealers, and child molesters that get less time than someone that did as much if not more good than he did badly. It is a joke that he is sitting in a prison cell period end!! What is really sickening is that John and Tim are sitting in prison while there is one free individual that was directly involved from day one that is walking the streets of Coudersport everyday of the week. Funny how you get off Scott free when you turn on someone like a rabid dog!!

DumAnDummer said...

1) Who honestly thinks that a golf course out in the middle of nowhere...right next to a huge dairy farm would be good for the area?

2) I really wish that i had 100 pairs of bedroom slippers from a fancy hotel.......

Anonymous said...

in response to DumAnDummer:

1. Where else CAN you put a golf course? In the middle of downtown?? Golfers go for miles to find new and challenging golf courses and many of the people that moved to this area were glad to hear/see it happening.

2. The slippers were like $2 a pair. The govt lawyers spend more than the total of all 100 pairs on a simple lunch!!

Patrigor@aol.com said...

The only thing I have really read about this case were the court papers themselves. They showed that an accounting system was set up to allow all money from Adelphia and smaller Regas family businesses to be in essence pooled into one fund, then all expenses from adelphia and the private Regas companies to be paid from that one pooled source, thus mixing private funds with a publicly held company. This was not only unorthadox accounting practice but also illegal. Several (non-Regas family) Adelphia board memebers resigned once they saw how it was set up. I find it hard to believe that John Regas didn't know what was happening and his son certainly had to have known as well as other family members involved in the smaller Regas companies.