Corporate Fraud Trial Begins
by TChris
Accusations of corporate fraud will continue to be tested in lower Manhatten courtrooms after Martha Stewart's trial ends. Starting Monday: the trial of John Rigas, the founder and former CEO of Adelphia Communications, and his two sons on a variety of fraud charges, including allegations that Rigas "improperly used the company's money for his own purposes - buying Adelphia stock, building a $13 million golf course and shuttling family members back and forth from a safari vacation in Africa, among other expenses."
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