Busted!
Another
company cooked the books and caused a scandal that echoed throughout the downturn of the
stock market. TOUGH TO GET CERTIFICATE!!!!
Everyone knows the story!
John Rigas' printed signature (founder and
(former) CEO) highlights this piece of
Wall Street history.
Adelphia Communications
was forced into bankruptcy
hearings by padding its books and skimming monies in offshore partnerships.
John Rigas
Accused.
Busted!
Used billions of dollars of company money for
personal use, including private travel in the company jet, personal land
deals, and loans
secured through Adelphia stock.
Arrested and criminally charged in July for
hiding $2.3 billion in bank debt in off-balance sheet partnerships.
Pleaded not guilty on Oct 23, 2002 to conspiracy, securities fraud, wire
fraud, and bank fraud.
This is an authentic cancelled stock certificate from Adelphia
Communications Corporation Dated
2002. What a great reminder of the business disasters of the past year.
