Man Without Qualities

Wednesday, July 24, 2002

Bad Business at Adelphia

Some members of the Rigas family, which controled Adelphia, have been arrested for bank fraud, among other things.

Nobody seems to be saying it was an option-driven "pump-and-dump."

The Rigases are said to have become crooked the old fashioned way. They controlled the company and allegedly took its money and cooked its books to cover that up.

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