Rigas Trial: John, Michael Rest Cases

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Former Adelphia Communications Corp. chairman John Rigas and former executive vice president of operations Michael Rigas rested their cases Wednesday in their ongoing fraud trial, Dow Jones reported.

Former chief financial officer Timothy Rigas and former director of internal reporting Michael Mulcahey are still presenting their defenses.

The four men are on trial for 24 counts of conspiracy, wire fraud, bank fraud and securities fraud. All of them have pleaded not guilty.

Former VP of finance Jim Brown pleaded guilty to conspiracy, securities fraud and wire fraud in November 2002.

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