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Birth
- Born in Wellsville, New York
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Period: to
John Rigas
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Starts at first job
- Begins bussing tables at local resturaunt and 9 years old
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Graduates highschool
- Graduates from Wellsville high school
- Participated in track, basketball, baseball and football
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Drafted into the millitary
-Placed in the 20th armored division
-Saw combat in france -
Liberation of Dachau Concentration Camp
- He helped liberate the camp in 1945 -This camp housed many of Hitler's political components.
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Graduates from Rensselaer Polytechnic Institute
- graduates from the institution with a bachelors degree in management engineering
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1st Business Venture
- bought a movie theater in Couderport
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Adelphia Communication Corporation
- One of the founders of Adelphia Communication Corporation along with his brother, Gus Rigas
- Based in Coudersport PA
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Adelphia begins to gain traction
- Through many acquisitions and looser restrictions from the government
- Almost doubles in size
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Bought Buffalo Sabre
- American professional ice hockey team based in Buffalo
- Big sports fan
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Begins commiting fraud
- Belived to have started comming fraud alongside his family around 1998
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Criminal Charges
- criminally charged of bank fraud, wire fraud, and security fraud
- was sentenced to 15 years imprisonment
- was hiding 2.3 billion dollars in liabilities from investors
- forfeited 1.5 billion dollars
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Bankruptcy
- Adelphia Communications Corporations files for Bankruptcy
- Internal corruption
- Sold cable operations to Comcast
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Left Prison
- let out of prison in 2016
- let out a year early due to the diagnosis of heart ailment and bladder cancer
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Death
- Died of bladder cancer
- passed away in Coudersport, Pennsylvania at the age of 96
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Unethical
- Commited fraud
- Hid 2.3 billion dollars
- steal money from Adelphia Communication Corporation
- Found guilty by court
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Socially Responisble?
-Gave back to his old community of coudersport
-Funded his old school
-Founded a local baseball team
-Very close with his community
- Did many contradictory things,he contributed to his hometown,however,commited much fraud