An outside consultant working for Adelphia Communications Corp. came up with a hefty total that he said the Rigas family owes the MSO.
According to Tatum Partners’ Robert DiBella, who testified Wednesday, the company’s founding family owes it $3.23 billion, Dow Jones reported.
DiBella guided jurors through a 22-page chart summarizing funds Adelphia and the Rigases borrowed from one another between 1999 and April 2002, Dow Jones said.
Former Adelphia chairman John Rigas, his sons -- former chief financial officer Timothy Rigas and former executive vice president of operations Michael Rigas -- and former director of internal reporting Michael Mulcahey are on trial for 24 counts of conspiracy, wire fraud, bank fraud and securities fraud. All four men have pleaded not guilty.
Former VP of finance Jim Brown pleaded guilty to conspiracy, securities fraud and wire fraud in November 2002.