The prison sentences of a father-and-son pair of former cable television executives have been reduced by three years after an appeals court dismissed one of the two bank fraud counts for which they were convicted.
U.S. District Judge Leonard Sand reduced the 15-year sentence of 82-year-old Adelphia Communications founder John Rigas to 12 years. His son, Timothy, had his 20-year sentence cut to 17 years. A New York appeals court ruled last year that there was insufficient evidence to support one of the fraud counts but upheld 17 other convictions on charges such as conspiracy, securities fraud and bank fraud.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access