FRAUD CASEBOOK

Adelphia

Read the following articles or other related articles regarding the Adelphia case and then answer the questions below:

Sources:

Securities and Exchange Commission, Litigation Release No. 17627 and Accounting and Auditing Enforcement Release No. 1599, July 24, 2002.

McClam, Erin, "Adelphia Founder Sentenced to 15 Years," Associated Press/Yahoo! News, June 20, 2005.

Answer Questions:

Why was Adelphia cable company formed?

In what year was the original company formed?

In what year did Adelphia go public?

How many Rigas-related parties were in executive leadership roles at Adelphia?

In what month and year did Adelphia file for bankruptcy?

For how many years was John Rigas sentenced to prison?