Adelphia Victims Can Recover Losses

Victims of securities fraud committed at Adelphia Communications can ask for restitution to recover some of their financial losses, according to the U.S. Attorney for the Southern District of New York. Adelphia founder John Rigas and his son Timothy, the company's former finance chief, were convicted of looting the company to pay for personal land deals and vacation homes, and are now serving prison sentences. More than $700 million in criminal forfeitures were made to the government as a result of the case, which will be distributed to victims of the fraud. Petitions must be submitted by July 16 to qualify for a distribution from the Adelphia Victim Fund. For more information, visit Adelphia Victim Fund.