Article: Adelphia Communications' Founding Family Members Are Arrested for Fraud.

Byline: William Neikirk

Jul. 25--WASHINGTON--The founder of Adelphia Communications Corp. and two of his sons were arrested Wednesday for allegedly conspiring to use the bankrupt cable television firm as their "personal piggy bank," including building a golf course with company money.

John Rigas, 78, the former chairman and chief executive officer who founded the company, and sons Timothy, 46, and Michael, 48, who served as Adelphia executives, were arrested in New York on federal criminal charges of fraudulently looting the company. They were led away in handcuffs.

The Justice Department and the White House boasted that the arrests, along with ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!