A U.S. appeals court has upheld the criminal convictions of Adelphia Communications Corp. founder John Rigas and his son Timothy, on charges of concealing loans and stealing millions from the cable operator.The court did dismiss one count of bank fraud, but gave its assent to the remainder of the 17 fraud, securities fraud and conspiracy charges against the pair, who were originally convicted in July 2004 and sentenced to serve 15 years and 20 years, respectively. The men have remained free while pursing their appeals, and the appeals court said that they can now be resentenced, minus the single charge.
John Rigas, 82, and Timothy Rigas, 51, were accused of looting the company to pay for personal land deals and vacation homes.
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