(Reuters)
NEW YORK -- Adelphia Communications Corp. founder John Rigas was found guilty on Thursday of conspiracy in connection with the multibillion dollar collapse of the cable television company.
A federal jury also found one of John Rigas' sons, Timothy, guilty of conspiracy. It found another son, Michael, and another former Adelphia executive, Michael Mulcahey, not guilty of conspiracy. The jury's findings on charges of securities fraud, bank fraud and wire fraud against all four former executives were still being read.
NEW YORK -- Adelphia Communications Corp. founder John Rigas was found guilty on Thursday of conspiracy in connection with the multibillion dollar collapse of the cable television company.
A federal jury also found one of John Rigas' sons, Timothy, guilty of conspiracy. It found another son, Michael, and another former Adelphia executive, Michael Mulcahey, not guilty of conspiracy. The jury's findings on charges of securities fraud, bank fraud and wire fraud against all four former executives were still being read.
