Ex-Adelphia Execs Charged With Tax Evasion
An AP newswire article by Deborah Yao, via SFGate.com, reports that:
The founder of Adelphia Communications Corp. and his son, both already convicted of a massive fraud at the bankrupt cable-television company, have been indicted on charges that they and other family members didn't pay $300 million in taxes.
Adelphia founder and former CEO John J. Rigas allegedly failed to report income of $143 million and his son Timothy J. Rigas, the company's former chief financial officer, failed to report income of $239 million, according to a federal grand jury indictment unsealed in Williamsport, Pa., on Friday.
posted by Fergie @ 10/07/2005 10:59:00 AM
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