Adelphia Founder, Son Indicted on Tax Charges
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From Associated Press
The founder of Adelphia Communications Corp. and his son, both already convicted of a massive fraud at the bankrupt cable-television company, have been indicted on charges that they and other family members didn’t pay $300 million in taxes.
Former Chief Executive John J. Rigas failed to report income of $143 million and his son Timothy J. Rigas, the company’s former chief financial officer, failed to report income of $239 million, according to a federal grand jury indictment.
