The U.S. Court of Appeals in New York Monday upheld the prison sentences of John and Timothy Rigas for their roles in the Adelphia Communications implosion, Bloomberg News reports.
John Rigas, the former Adelphia Communications founder and chairman, and his son Timothy, the former Adelphia chief financial officer, were convicted on 18 counts of fraud and conspiracy in 2004 stemming from the massive accounting scandalat the cable company.
After a five-month trial, U.S. District Court judge Leonard Sand sentenced John Rigas to 15 years and Timothy Rigas to 20 years in federal prison.
An appeals court in May 2007 re-affirmed the pair's convictions on all counts except one count of bank fraud and directed that the defendants be resentenced.
Last June, their sentences were reduced by a federal judge to 12 years for John Rigas and 17 years for Timothy Rigas.
They are serving their sentences at the low-security Federal Correctional Complex in Butner, N.C., Bloomberg reported, adding the appeals court yesterday also rejected their request for a new trial.