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HOLY COW! Rigas has to pay 715 million!


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The real shame is that Rigas built Adelphia from nothing and watched it grow into one of the largest cable companies in the country. You wonder how someone can be so rich and still be so greedy that he ends up losing everything right up to doing the perp shuffle.

 

There also must have been a total lack of oversight in Adelphia's Board of Director's, their legal dept, internal audit dept and outside accounting firm. No one questioned the fudging of numbers or the personal spending sprees that went on for quite a while.

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my understanding is that the main guy who went after rigas was elliot spitzer, a dem who in all likelihood will be the next governor of nys.

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Not true. Rigases were tried by the feds. No photo op for Spitzer in this circus.

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The real shame is that Rigas built Adelphia from nothing and watched it grow into one of the largest cable companies in the country.  You wonder how someone can be so rich and still be so greedy that he ends up losing everything right up to doing the perp shuffle. 

 

There also must have been a total lack of oversight in Adelphia's Board of Director's, their legal dept, internal audit dept and outside accounting firm.  No one questioned the fudging of numbers or the personal spending sprees that went on for quite a while.

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While it is true that it is a shame that he built the company from nothing and blew it. The bigger shame is that he stole millions. He ruined lives and he cost people their jobs and their savings. And the greatest shame of it all is that after all that has happened; he gets to keep $78.9M in assets.

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WHAT?  A uber rich guy just got punched in the gnads while the Republicans are holding the Executive and Legislature?  Time to go look out the window in search of the pretty meteor destined to end us all.

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It's too bad for Adephia and Rigas and the Enron, Global Crossing, WorldCom crowd etc. that Gore didn't win in 2000...the winking would have continued, and at the very worse, a Prersidential pardon would have been served up...

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