Saturday, February 20, 2016

John Rigas released from federal prison, sent home

New York Daily News:Adelphia founder and Wellsville native John Rigas — who looted his once-mighty cable company and caused its collapse — was released by Manhattan Federal Court Judge Kimba Wood who signed off on Rigas' release Friday night.

Rigas, 91, was convicted in 2004 of securities fraud, and eventually sentenced to 12 years in prison.

His lawyers asked he be released on bail in December as he continued to fight his conviction because he had advanced bladder cancer. More HERE.