[Petronski]

Holy schnikies!

[hobbes1]

Nous nous rendons, peut je vous montre la façon à l'usine de
munitions; Mein Herr.....

[section9]

Move on, nothing to see! Bush is a mere lackey and would never touch his corpulent capitalist buddies!

(/sarcasm off)

Be Seeing You,

Chris

[flamefront]

07/14/2002 - Updated 11:22 PM ET

Feds set to indict Adelphia family
By David Lieberman, USA TODAY
NEW YORK - Federal prosecutors have prepared an indictment of Adelphia Communications founder John Rigas and his three sons — former executives Timothy, Michael and James — and, barring an unforeseen circumstance, are planning to file it as early as this week, according to a source close to the investigations. The criminal charges are expected to be filed in tandem with a civil lawsuit by the Securities and Exchange Commission, the source said. The Justice Department and SEC declined to comment, and the exact combination of charges was not clear. But they could include bank, mail and wire fraud. SEC charges might include falsifying Adelphia's public filings.

"It's very common for investigators to operate on a parallel track," says Jacob Frenkel, who chairs the securities enforcement and white-collar crime practice at Smith Gambrell & Russell. "The SEC and Justice Department can bring the exact same charges for the exact same conduct." ...

[Petronski]

This is Adelphia Communications, the organization recently clobbered, enron-like, by revelations there had been funny loans among/between management and the corporation.

They also own the Buffalo Sabres.

I think it's breaking news because it could (could?) signal a coming criminal crackdown by the Justice Department on CEOs who defraud the market/investors.

And Rigas is greek, not french.

[kcvl]

For Release: June 21, 2000

Governor Pataki: Adelphia Commits to 2,500 Jobs in New York

Communications Giant to Invest $100 Million, Create 1,000 Jobs in Downtown Buffalo

Governor George E. Pataki today joined John and Tim Rigas of Adelphia Communications Corp. and local officials to announce that Adelphia will establish a $100 million Northeast regional operations center in downtown Buffalo, create a total of 2,000 new jobs and retain 500 of its current workforce in New York State. This project will serve as a catalyst for the revitalization and transformation of downtown Buffalo into a first class business community for the 21st Century.

Adelphia will build a new 30-story, state-of-the-art mixed use building in downtown Buffalo to house 1,000 new employees, and its current workforce of 500. The facility will include high-tech office space and a sports theme restaurant. Other likely components include an ice hockey rink, retail, entertainment, residential and a hotel. In addition, the company has committed to creating another 1,000 jobs in New York State, with 500 earmarked for Western New York and 500 elsewhere in the State.

[Petronski]

If I had known this was going down today, I would have driven up there to witness it.

What a sad roller-coaster ride of betrayal for stoic little Coudersport, PA...God's Country!

[Oldeconomybuyer]

Report: founder and former head of nation's sixth-largest cable company arrested on securities fraud charges -AP Breaking News
(07-24) 06:26 PDT NEW YORK (AP) -- Two former executives of bankrupt cable television provider Adelphia Communications Corp. reportedly were arrested along with two other people Wednesday morning on conspiracy charges. Company fo...

[cynicom]

They were so arrogant that they had a standing order with real estate firms in the county, apprise them of every piece of real estate coming on the market in the county.

[usconservative]

Someone wake me up when they arrest the Enron, Arthur Anderson, WorldComm, Global Crossing and CitiCorp exec's (and anyone else I forgot) who are responsible for f'ing up the economy, and shaking investor confidence so badly through their half-assed, half-baked, rape-the-investor-of-all-their-hard-earned-dollars schemes.

Hopefully this is the first of what's to come. Someone go arrest Robert Rubin @ Citicorp while they're at it. He flagrantly broke the law, and is about to bring down one of America's premiere banking institutions because of his Clintonian "is-is" ways.

[Dales]

I didn't see your piece when I posted mine. Sorry about that! There are some interesting comments on this thread by some people who know some members of the family.

[Petronski]

RUMOR: There is a report from a man who lives near the area that there have been multiple SHOOTINGS in Coudersport this morning. Can anyone confirm this?

The guy might have overheard/misheard gossipy threats, or he might be in the loop on a soon-to-break story out of Coudersport.

END RUMOR REPORT

[ko_kyi]

"Do you wish to know whether that day is coming? Watch money. Money is the barometer of a society's virtue. When you see that trading is done, not by consent, but by compulsion – when you see that in order to produce, you need to obtain permission from men who produce nothing – when you see that money is flowing to those who deal, not in goods, but in favors – when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you – when you see corruption being rewarded and honesty becoming a self-sacrifice – you may know that your society is doomed. Money is so noble a medium that it does not compete with guns and it does not make terms with brutality. It will not permit a country to survive as half-property, half-loot. "

Francisco d'Aconia

[texasbluebell]

They were lead away in handcuffs, according to Neal Cavuto.

[My Favorite Headache]

This is a hell of a lot bigger than just mail fraud my amigo. This is massive fraud. Wall Street already in the major plus zone. But I am still waiting for citigroup to take the major hit and watch some dems go to jail....clicking heels...rubin...clicking heels...clinton...clicking heels...

[nimc]

[Commie Basher]

They didn't just arrest them -- they arranged a HUGE PRESS CONFERENCE. A big planned media event.

Maybe they have good reason to arrest Rigas, but the media event seems like Bush's handlers trying to send a message that Bush is cracking down on Wall Street. Exactly what Clinton would have done.

[staytrue]

It was a pathetic over reach of the police to put handcuffs on these guys. A simple phone call to their houses and they would have come in, but no the govt. needed to have a photo op of a 70 year old man in a business suit being led away in handcuffs. This is a classic abuse of police authority.

[eleni121]

This is excellent news for the nation and its economy but bad news for the depressed Western NY area whose politicians/press licked the ground the Rigas family walked on. Another nail in the economic disaster of the region staggering under high taxation and the stalinist control of the Democrats. I just wish they could have arrested the pols too!

[Wurlitzer]

I have been asking anybody that will listen what about Mail Fraud for these CEO types.

My limited understanding is that every time you place a USPS stamp on a document to commit fraud (Annual reports ring a bell) it is 5 or 10 years for each and every piece. We don't need more posturing by both the commies and the RINOs, just enforce those on the books.

Well it now seems that mail fraud charges are in the offering for the Rigas.

[MoscowMike]

Howdy

Excellent! Capitalism can not operate without a cop on the beat, and under clinton the Justice department, the SEC and the rest of our law enforcement organs were utterly impotent.

clinton and his corrupt corporate cronies cleaned up bigtime, if you were wondering why the economy did well in spite of the largest increase in taxes in planetary history, here is your answer. Rampant fraud under the most corrupt leadership in the history of the United States of America.

Maybe it was intentional, if The People lose faith in freedom, the way is paved for the socialist enslavement that liberals slaver over.

Jailing corporate barbarians like this foul group is a good start, but it would be far more encouraging if the ken lays and clintons and rubins faced prosecution under RICO statutes for their determined violence against Democracy.