|Page (1) of 1 - 04/30/12||email article||print page|
NEW YORK (AP) ' Federal prosecutors in New York say the government can now distribute $728 million to Adelphia Communications Corp.'s fraud victims.
In a release Monday, the prosecutors said the money is the largest single distribution to victims in Justice Department history. The government first announced the money was heading to investors in April 2005. It announced in February 2007 that it had more than $530 million in hand.
In its latest release, the government said distribution of the money was delayed by the complex process of notifying thousands of potential victims, among other reasons.
In 2004, a jury convicted the founder of Adelphia, along with his son, in a $1.9 billion fraud. Both are serving prison sentences. Adelphia was one of the nation's largest cable companies before its 2002 collapse.
Keywords:Adelphia Fraud,Fraud and false statements,Crime,General news
Related Sites: Creative Mac , AEC Newsroom , Digital Webcast , Hollywood Industry , Media Workstation , Digital CAD , Digital Animators , Animation Artist , Siggraph News , Audio Video Producer , BN - Broadcast Newsroom , Corporate Media News , Digital Game Developer , Digital Media Designer , MacAnimationPro , Digital Post Production , DVD Creation , DV Format , Film Imaging , HD Issues , Presentation Master , Oceania , MacDVDPro , MacVideoPro , MacAudioPro , MacDesignPro , After Effects , CEN - Consumer Electronics Net , PhotoShop , Final Cut Pro , Illustrator , Vegas , Premiere , Digital Intermediates , CEN - Camcorders , CEN - AV Software , CEN - Desktops , CEN - Audio , CEN - DVD , CEN - Gadgets , CEN - Games , Maxon , Storage , DVD Studio Pro , Flash , IBN - Storage , Motion , IBN - Business , IBN - Enterprise Applications , IBN - Hardware , IBN - Networking , IBN - Internet , IBN - ProductivityApps , IBN - Security , IBN - SoftwareDev , BN - NAB , BN - Webcast , BN - HD , BN - DTV , BN - IBC , BN - Production , BN - Avid , BN - Acquistion , BN - Radio , BN - Storage , BN - Harris , BN - Panasonic , BN - JVC , BN - Quantel , BN - Grass Valley , BN - Hardware , BN - Software , BN - Facilities , BN - People , BN - Canon , BN - Sony , BN - Miranda , USDailyNews , HTN - Health Technology Net
Related Newsletter: DMN Newsletter , CMN Newsletter , Timeline Newsletter , CADList Newsletter , Pixels Newsletter , Levels Newsletter , Loud Newsletter , Renders , Streamline Newsletter , KNews Newsletter , DVD Viewpoint , BN - HD Weekly , DMNForums , CEN - Gadgets Newsletter , Tutorial Finder , Review Seeker , IBN - IT Weekly Newsletter