Rigas Sentencing: Now It’s June 1

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The sentencing of former Adelphia Communications Corp. chairman John Rigas and former chief financial officer Timothy Rigas has been postponed yet again, this time to June 1.

According to a clerk for U.S. District Court Judge Leonard Sand, the sentencing was postponed at the request of the parties. She gave no further information.

John and Tim Rigas were convicted on 18 counts of conspiracy, securities fraud and bank fraud last July. They were originally supposed to be sentenced Jan. 5. The latest postponement is the fifth such delay since their convictions July 8, 2004.

The most serious of the charges against the Rigases -- bank fraud -- carries a maximum sentence of 30 years in prison.

The jury deadlocked on securities-fraud charges against former Adelphia executive vice president of operations Michael Rigas in July. He is scheduled to be retried in October.

Paul Grand, an attorney for Tim Rigas, declined to comment on why the sentencing was delayed.

“We had a conference with the judge yesterday [April 12], and the proceedings were sealed,” Grand said.

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