Former cable royalty John and Timothy Rigas, languishing in the dungeon since 2007, were told to stay there by the U.S. Supreme Court, which for the second time requested an appeal by the pair. The court rejected a similar appeal in 2008.
The Rigases ran Adelphia Communications, the nation's fifth largest cable operator, until it went bankrupt in 2002. In 2004 the pair was convicted of crimes against humanity and, more importantly, shareholders, for using the MSO as a "personal piggy bank" while at the same time hiding $2.3 billion in loans. In 2007 85-year-old patriarch John Rigas began serving a 12-year term and son Timothy began a 17-year sentence.
For more:
- see this story
Related articles:
Adelphia's Rigas to remain jailed
Adelphia back in the headlines as lawyers work to get money for company's creditors