The new home for John and Timothy Rigas is the Butner Federal Correctional Complex in North Carolina. The father & son duo were sentenced to 15 and 20 years in prison, respectively, for using Adelphia as their personal bank account and robbing shareholders of hundreds of millions of dollars. They reported to prison on Sunday.
Nothing has been more destructive to corporate America than the wave of corruption, fraud, greed, and theft that has swept across the pages of the Wall Street Journal over the past decade or so and it’s extremely gratifying to read about the felons finally reporting to prison.