Jail term for ex-Adelphia execs to start in August
633035
A federal judge on Wednesday ordered Adelphia Communications Corp. founder John Rigas and his son Timothy, who lost an appeal of their criminal convictions last month, to report to prison on August 13.
166818
PERM. Feb 12 (Interfax) - The trial of a school director accused of using unlicensed computer software has been postponed until February 14.
697838
WorldCom's former CEO Bernard Ebbers is scheduled to report to prison today to begin a 25-year sentence for his role in accounting misstatements that led to the company's bankruptcy.
702824
A six-month lull in corporate fraud trials ends soon. Ex-Tyco, WorldCom, HealthSouth execs on deck. By Krysten Crawford, CNN/Money staff writer.
334661
Two top executives with the now-defunct Baptist Foundation of Arizona, which collapsed in 1999 in the largest nonprofit bankruptcy in U.S. history, were sentenced to prison terms on Friday for their convictions on fraud charges.
408898
Prosecutors are recommending that former Qwest Communications International chief Joseph Nacchio serve more than seven years in prison for insider trading during the telecommunications boom.
34091
Four Infineon executives will serve jail time after pleading guilty to being part of an &quot;international conspiracy&quot; to fix the price of computer memory, the US Department of Justice announced today.
91763
Former Qwest Communications Inc. (QN: Quote, Profile, Research) executive Tom Hall, who was scheduled to go on trial next month for accounting fraud, will plead guilty, his attorney said on Friday in a court filing.
432167
NEW YORK -- A federal judge Tuesday delayed the trial of former WorldCom chief Bernard Ebbers until Jan. 17. The trial had been set to start Nov. 9. US District Court Judge Barbara Jones also denied Ebbers
272677
BRIDGEPORT, Conn., Jan. 29  â Two former executives were spared prison time on Monday for their roles in an accounting scandal at the Cendant Corporation that cost the company and its investors more than $3 billion.
308519
Adelphia Communications, the US cable network operator which filed for bankruptcy court protection in June 2002, filed audited financial results for 2001, 2002 and 2003 yesterday and said its loss narrowed to $832.6m last year.
440756
A federal judge Tuesday granted disgraced former lobbyist Jack Abramoff and ex-partner Adam Kidan three more months of freedom before they must begin their prison terms for fraud convictions.
407945
The Justice Department has asked a  judge to enter a $2.53 billion judgment against two Rigas  family members, citing the amount it claims the Adelphia  Communications Corp. founders obtained illegally, court  documents released on Tuesday show.
465372
(InfoWorld) - Four former executives with computer networking and security vendor Enterasys Networks have been sentenced to prison terms for their roles in accounting fraud at the company that cost investors millions of dollars, the U.S. Department of Justice announced Tuesday. The executives were convicted on conspiracy and fraud charges during a December 2006 trial. At sentencing hearings that began last week in U.S. District Court for the District of New Hampshire, Judge Paul Barbadoro sentenced former Enterasys CFO Robert J. Gagalis to 11 1/2 years in prison. Gagalis was convicted of one count of conspiracy, two counts of securities fraud, one count of making false statements to auditors of a public company, and four counts of wire fraud. Bruce D. Kay, a former Enterasys finance executive, was sentenced to 9 1/2 years in prison. The jury found Kay guilty of one count of conspiracy, two counts of securities fraud, one count of falsifying books and records of a public company, one count of making false statements to auditors of a public company, and three counts of wire fraud. Robert G. Barber, a former Enterasys business development executive, was sentenced to eight years in prison and fined $25,000. The jury found Barber guilty of conspiracy, two counts of securities fraud, one count of falsifying books and records of a public company, and one count of making false statements to auditors of a public company. Hor Chong "David" Boey, former finance executive in Enterasys' Asia Pacific division, was sentenced to three years in prison. Boey was convicted of conspiracy, two counts of securities fraud, one count of falsifying books and records of a public company, one count of making false statements to auditors of a public company, and two counts of wire fraud. Starting in mid-2001, the four defendants and other Enterasys executives inflated the company's revenue figures as a way to meet expectations of financial analysts and to maintain or increase the price of the company's stock, the DOJ said. The defendants backdated and falsified documents and concealed terms of business transactions from Enterasys' auditors in order to inflate revenue, the DOJ said. The conspirators also fraudulently created false revenue by secretly investing company funds in other companies and having those companies to use the investment proceeds to buy Enterasys products. Because of the fraudulent scheme, public investors lost at least $97 million, the DOJ said. The four "will spend years in prison for perpetrating a fraud that cost Enterasys shareholders millions of dollars," Alice Fisher, assistant attorney general in the DOJ's Criminal Division, said in a statement. Several other former Enterasys executives, including former Chairman, President and CEO Henry Fiallo have previously pleaded guilty to felony charges in connection with the scheme. To date, eight former Enterasys executives have been convicted of felonies. An Enterasys spokesman said the none of the four defendants have worked for the company recently. The company is under new management and ownership since the accounting fraud case was filed, and the convictions will not affect the company going forward, said Kevin Flanagan, company spokesman. The accounting fraud case "is very much in the past" for the company, he added.
13699
ALDERSON - Starting Oct. 8, Martha Stewart will begin serving her five-month sentence for lying to federal investigators here, in the Alderson Federal Prison Camp.
672485
By AVRUM D. LANK  A former executive of Sigma-Aldrich Corp. has been indicted in a kickback scheme alleging he and a Pittsburgh man defrauded the company of millions of dollars.  Robert E.
174149
WASHINGTON -- Adelphia Communications has offered $300 million to resolve investigations by the Securities and Exchange Commission and the Justice Department, the company said.