Tuesday, June 21, 2005

Another Corporate Criminal Gets His

Steal a lot and they throw you in jail. They used to make you king for that but those were the bad old days.
From The Street.com
"A federal judge sentenced Adelphia founder John Rigas to 15 years in jail for looting the cable company and defrauding its investors."
"The sentences come just three days after a New York state jury found former Tyco (TYC:NYSE - news - research) CEO Dennis Kozlowski and former CFO Mark Swartz guilty of looting the conglomerate of hundreds of millions of dollars.

The current round of convictions and sentencing comes after a particularly corrupt era of business practices during the late '90s and the early part of this decade. ...."

John Rigas Gets 15 Years

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