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Adelphia Founder and Executives Are Indicted on Fraud Charges
by Jeremy at 3:41 pm EDT, Sep 23, 2002

Adelphia founder John Rigas, his sons and two other former executives were indicted Monday for allegedly stealing hundreds of millions of dollars from the nation's sixth-largest cable television company.

The 24-count indictment charges the men with conspiracy, securities fraud and wire fraud, and seeks $2.5 billion in forfeited assets for the alleged large-scale accounting fraud and corporate looting.

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