Adelphia Communications Corp. founder John Rigas is digging deep to raise
money for his legal defense, Reuters reports.
Rigas -- who is fighting fraud charges that led to the bankruptcy of the
cable company he founded 51 years ago -- is looking to sell a small house in
Wellsville, N.Y., where he was born in 1924, and where about six years ago he
helped a childhood friend looking to retire.
The house is up for sale for about $65,000, Rigas' attorney, Lawrence
McMichael told Reuters.
The Rigas family has also put on the block commercial real estate in the New
York suburban town of Roslyn, a riverside vacation lot in South Carolina and
timberland in Pennsylvania.
The family is hoping to raise $10 million, with about $3 million expected to
come from the timberland sale, McMichael said.