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Feds: Drop Remaining Rigas Charges

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Federal prosecutors have told a judge that the six-year-old indictment of Adelphia Communications founder John Rigas and his son Timothy should be dismissed. Last week US District Judge John Jones III dismissed a conspiracy count against the Rigases. Prosecutors say, in light of that ruling, eight counts of tax evasion should be dismissed as well. The IRS is still pursuing a civil case against them. 86-year-old John Rigas is serving a 12-year prison term and 55-year-old Timothy is serving a 17-year term after being convicted of stealing nearly $2 billion from Adelphia and lying about the cable company’s finances. John is expected to be released on January 23, 2018. Timothy’s expected release date is June 23, 2022. The news leader of the Twin Tiers ... since 1947

John, Timothy Rigas Back in PA

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John Rigas is back in Pennsylvania – but still behind bars. The 86-year-old former CEO of Adelphia Communications and his son Timothy were transferred from a federal prison in North Carolina to the Allenwood federal prison in Union County earlier this week. Rigas and his son were convicted of securities and bank fraud in 2004 after a $3.2 billion accounting fraud scandal. They are serving 12-year and 17-year sentences respectively. They had been serving time in Butner, North Carolina since 2007. A federal tax fraud case is pending against both Rigases in the Middle District of Pennsylvania, and Allenwood is closer to the court. The tax trial isn’t expected to begin until next year.