New York (May 6, 2004) – Testifying in Federal District Court yesterday, a former vice president of finance for Adelphia Communications described how the now-bankrupt cable company’s top officers were provided with reports that compared the company’s published – and largely fictional -- financial results with its actual financial condition.
The former VP, James R. Brown, said that the false public statements were called “Jim Brown numbers,” while the real figures were distributed internally so that the company could continue to operate.
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