318:. Adelphia Corporation filed for bankruptcy after it acknowledged that the three Rigases had taken $ 3.1 billion in loans that were not recorded on the books. In 2005 John and Timothy were charged with tax evasion and pleaded not guilty in October 2005. On January 27, 2012, the charge of tax evasion was officially dismissed. Following John's arrest, the NHL virtually stripped him of his authority over the Sabres. After more than a year as a ward of the league, the franchise was purchased by another
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334:, located about 45 minutes northwest of Raleigh, North Carolina, unsuccessful in their request to be allowed to serve their time together at a facility close to their homes in Coudersport, Pennsylvania. On November 1, 2007, after a 20-day bidding war involving 31 bidders, the palatial $ 30 million former Adelphia Headquarters building in Coudersport was sold to an undisclosed buyer at auction for $ 3.4 million.
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cable companies and avoided city franchises. Eventually, Adelphia became the largest cable provider outside
Philadelphia, Pittsburgh, Cleveland, and South Florida and had systems reaching over 30 states and over 5.6 million customers. Adelphia also launched product lines such as high-speed cable Internet service and long-distance telephone service.
311:. His sons Timothy and Michael, as well as James Brown and Michael Mulcahey, were also charged with participation in these crimes. The executives were accused of looting the corporation by concealing $ 2.3 billion in liabilities from corporate investors and of using corporation funds as their funds.
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On
December 14, 2015, Rigas' lawyers announced that he was terminally ill with bladder cancer and had between one and six months to live. Rigas was diagnosed with cancer before his conviction and, under his sentencing, could seek compassionate release if he had less than three months to live. Judge
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The Rigas cable television enterprise first started in
Coudersport when the family purchased the town's TV cable franchise. Always looking to grow his company, John had teamed with his brother Gus to start Adelphia after buying out his partners. They borrowed heavily to buy more and more suburban
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in
January 2009, but George W. Bush left office without making a decision. Rigas sold his house in Indigo Run, Hilton Head Island, South Carolina, to pay for legal fees. Sometime during the week of November 6, 2011, both John and Timothy were transferred to the Low Security Facility of the
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On May 24, 2007, the Second
Circuit Court of Appeals upheld John's and Timothy's 2004 convictions on 17 of the original 18 counts. On June 27, 2007, John and Timothy were ordered to report to prison on August 13 for their fraud convictions. On August 13 John and Timothy reported to the
215:, to Greek immigrants James and Eleni (Brazas) Rigas, who sought a better life in the United States for their children. John had three siblings: Gus, Mary, and Katherine. James was an entrepreneur of some repute in Wellsville, beginning as a shoe-shine man, then in 1921 introducing the
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and was placed in the 20th
Armored Division in 1943, seeing combat in France. His division ended up being involved in the liberation of Dachau concentration camp in April 1945. After the war ended he returned to life in Wellsville and, soon afterward, enrolled at
257:, Pennsylvania, a town midway between Wellsville and Emporium. He borrowed the money from his family and friends, including his godfather, James Lucas, to purchase the theater and started operating it in the evenings while he worked days at the Sylvania plant.
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to
Wellsville. The Texas hot stand remains in operation, currently co-owned by John's nephew, Chris Rigas. John's first job was, at the age of nine, busing tables. After graduating from Wellsville High School, he was drafted into the
341:, 07-494. John's original release date was September 4, 2020, but a federal judge reduced his sentence by three years, and his new release date was scheduled to be January 23, 2018. Rigas applied for a presidential
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233:, New York. He studied engineering and earned a bachelor of science degree in management engineering. He was also a member of the Nu Theta Chapter of
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issued an order allowing for Rigas's release on
February 19, 2016. Rigas was alive and well enough to make public appearances by June 2016.
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406:"The Most Popular Person in Buffalo with Courage, Daring and a Touch of Magic, Sabres Owner John Rigas Reminds Us How to Dream"
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John Rigas was convicted of the charges in the summer of 2004, and on June 27, 2005, was sentenced to 15 years in federal
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Rigas was honored numerous times, including honorary degrees by three universities. In 1997 he bought the
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183:(November 14, 1924 – September 30, 2021) was an American businessman who was one of the founders of
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On March 3, 2008, the
Supreme Court rejected the final appeal without comment. The case was
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Rigas resigned from his position as CEO of Adelphia in May 2002 after being indicted for
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In 1952, Rigas started his first business venture by buying a movie theater in
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team in 1998. His political contributions include a total of $ 50,750 to the
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567:"Judge: Free cancer-stricken Adelphia CEO John Rigas, convicted of fraud"
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708:"John J. Rigas, Cable TV Magnate Who Pillaged His Company, Dies at 96"
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companies in the United States. He was also the majority owner of the
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237:. He then returned to Wellsville, only to take a job with the
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539:"John Rigas Biography and Political Campaign Contributions"
501:"Cable Pioneer John Rigas Quits Under Fire as Adelphia CEO"
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McCarthy, Robert J; Anderson, Dale (September 30, 2021).
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American telecommunications industry businesspeople
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670:Herald, BOB CLARK, Olean Times (June 14, 2016).
439:"Texas hot: a Wellsville tradition for 96 years"
643:"Adelphia's Rigas asks for release from prison"
499:James Bates, Sallie Hofmeister (May 16, 2002).
672:"John Rigas throws first pitch at Nitros game"
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1312:United States Army personnel of World War II
691:: CS1 maint: multiple names: authors list (
466:. Archived from the original on June 5, 2004
1247:American businesspeople convicted of crimes
595:"Bush denies bevy of pardons, commutations"
522:John Rigs throws first pitch at Nitros game
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374:, on September 30, 2021, at the age of 96.
187:, which at its peak was one of the largest
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760:"Wellsville Legend John Rigas Dies at 96"
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348:Allenwood Federal Correctional Complex
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295:Criminal indictment and incarceration
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706:Rifkin, Glenn (September 30, 2021).
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332:Federal Correctional Complex, Butner
619:. November 22, 2011. Archived from
185:Adelphia Communications Corporation
97:Adelphia Communications Corporation
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1272:Businesspeople from Troy, New York
1252:American people convicted of fraud
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613:"Former Adelphia CEO in Allenwood"
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1287:National Hockey League executives
1131:Buffalo Sabres Alumni Hockey Team
437:Randall, Mike (October 4, 2018).
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227:Rensselaer Polytechnic Institute
16:American businessman (1924–2021)
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1282:Fraud in the United States
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528:. Retrieved June 15, 2016.
278:collegiate summer baseball
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420:"Whither the Texas hot?"
289:Republican family values
1183:2018 NHL Winter Classic
1173:2008 NHL Winter Classic
172:Demetrios "James" Rigas
197:National Hockey League
1277:Buffalo Sabres owners
1188:2022 Heritage Classic
1158:Empire Sports Network
1080:The French Connection
1057:Sabres Hockey Network
623:on September 11, 2012
268:from team co-founder
142:15 years imprisonment
1044:MSG Western New York
57:Wellsville, New York
1025:Jacksonville Icemen
1015:Rochester Americans
651:. December 14, 2015
601:. January 27, 2009.
575:. February 19, 2016
426:on August 17, 2017.
164:Ellen Rigas Venetis
1136:Buffalo Jr. Sabres
1126:LECOM Harborcenter
1120:Hockey Night Live!
764:The Wellsville Sun
712:The New York Times
572:Olean Times Herald
526:Olean Times Herald
322:multibillionaire,
207:Rigas was born in
174:Eleni Brazas Rigas
68:September 30, 2021
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1178:2011 NHL Premiere
1049:Bell Satellite TV
833:Buffalo, New York
358:Illness and death
274:Wellsville Nitros
195:franchise of the
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158:Timothy J. Rigas,
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320:western New York
309:securities fraud
282:Republican Party
270:Northrup R. Knox
245:, Pennsylvania.
181:John James Rigas
160:Michael J. Rigas
139:Criminal penalty
130:Securities fraud
113:Criminal charges
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1163:The Fog Game
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964:Team captain
944:Terry Pegula
925:Broadcasters
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767:. Retrieved
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741:. Retrieved
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715:. Retrieved
711:
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677:November 20,
675:. Retrieved
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625:. Retrieved
621:the original
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468:. Retrieved
464:"JOHN RIGAS"
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70:(2021-09-30)
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1242:2021 deaths
1237:1924 births
1152:Sabre Dance
1109:Ronan Tynan
1094:Ted Darling
952:Kevyn Adams
875:Draft picks
822:Founded in
548:October 17,
507:October 17,
255:Coudersport
95:Founder of
1231:Categories
1146:Sabretooth
1003:Affiliates
960:Lindy Ruff
956:Head coach
769:October 3,
743:October 3,
717:October 3,
503:. LA Times
448:October 4,
378:References
365:Kimba Wood
305:wire fraud
301:bank fraud
209:Wellsville
203:Beginnings
125:Wire fraud
120:Bank fraud
107:Republican
49:1924-11-14
25:John Rigas
1114:Ryan Vinz
934:Personnel
843:Franchise
830:Based in
222:U.S. Army
217:Texas hot
169:Parent(s)
84:Education
1206:Category
940:Owner(s)
870:Captains
687:cite web
480:cite web
243:Emporium
239:Sylvania
213:New York
189:cable TV
155:Children
1216:Commons
1168:No Goal
1085:Seymour
1062:WGR 550
910:Records
903:History
887:Seasons
865:Players
860:Coaches
443:WKBW-TV
980:Arenas
967:Vacant
392:"YaYa"
343:pardon
316:prison
307:, and
147:Spouse
78:, U.S.
59:, U.S.
1053:Radio
1034:Media
276:as a
1087:and
1020:ECHL
850:Team
825:1970
771:2021
745:2021
719:2021
693:link
679:2016
657:2016
629:2011
581:2016
550:2015
509:2015
486:link
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450:2018
231:Troy
65:Died
43:Born
1010:AHL
229:in
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