The Haus

Wednesday, July 24, 2002

Feds Bust Adelphia Bosses -- 11:28 am CST, Update by A.T. Hun

The Feds have arrested CEO John Rigas, his sons, and other Adelphia Communications executives and charged them with basically looting the company. In addition to criminal charges, lawsuits are also being brought by the Securities and Exchange Commission. Rigas is best known in the sporting world as the former owner of the NHL's Buffalo Sabres. The team is now under the control of the NHL itself, much like MLB is running the Montreal Expos. Looks like the federal government is making good on its promise to put the hammer down on these scumbags.

News for 07/24/2002

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