Adelphia Communications Corporation
Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile1 entries
2002
Rigas family accounting and corporate-abuse scandal
Adelphia disclosed approximately $2.3 billion in unrecorded co-borrowing debt involving Rigas family entities. Investigators alleged that company resources were diverted to personal luxuries and family-controlled ventures. John and Timothy Rigas were later convicted in federal court of offenses involving hidden debt and misuse of company resources.