The Adelphia Scandal The Dawn of Adelphia Adelphia was founded in 1952 by John Rigas and his brother Gus Rigas in Coudersport‚ Pennsylvania with the purchase of their first cable franchise for $300. After 20 years‚ the Rigas brothers incorporated their company under the name Adelphia which derived its name from a Greek word which means brothers‚ an apt corporate title for a business that would employ generations of the Rigas family. Adelphia was a cable television company and built its success
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The Adelphia Scandal In 1952‚ John Rigas purchased his own cable company. By the late 1990’s‚ he had turned it into the sixth largest cable company in the United States with 5.6 million customers. The business was always run as a family style business which led to fraudulent acts among family members and upper level executives. The family has been accused of stealing $3.1 billion from Adelphia and is now facing criminal charges. Adelphia was forced to file chapter 11 bankruptcy and as of April
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Firstname Lastname Instructor’s Name Course Number 21 July 2015 Adelphia Communications Adelphia is the 6th biggest cable television provider in the United States and‚ with various subsidiaries‚ gives services of cable television and local telephone service to customers in 32 states and Puerto Rico. Adelphia means "brothers" in Greek. It used to be one of America ’s largest cable companies. John Rigas established the company and served as CEO and chairman. John ’s son Tim was CFO‚ and Tim ’s brothers
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INDIAN COMPANIES ACT‚ 1956 | PROMOTER | BBM 501 – CORPORATE LAW | PROMOTER * Promoter – Person who does the necessary preliminary work incidental to the formation of the company‚ undertakes to do all the incidental work necessary to bring the company into existence * The first persons to control the company’s affairs chronologically‚ as they conceive the idea for forming the company with an objective‚ provide the company with share or loan capital and acquire the business or property
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Adelphia Cable Bruce Dawson Principles of Management Mgmt.230 "Adelphia is one of the nation’s leading cable companies with more than 5.3 million residential customers nationwide. In addition to cable entertainment Adelphia offers digital cable‚ high-speed internet access‚ long distance telephone service‚ and home security" (Adelphia). The leadership of this company currently consists of 18 officers. One officer for each of the five regions Adelphia covers. One officer in each of the
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- poor performance‚ shirking responsibility‚ overly protective of job duties and documentation‚ chronic dissatisfaction‚ attempts to be alone (first one in‚ last one out)‚ never takes a vacation‚ manager doing subordinate level work Financial Statement Fraud: Financial statement fraud is the most costly type of fraud committed at companies. Although financial statement fraud is present in only about 10% of internal fraud cases‚ the median cost of
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Introduction The concept of fiduciary obligations or duty is one of the most important areas in Australian law. In this project‚ I will try to illustrate and explain the duties in three kinds of relationships including the relationship between a director and a company‚ the relationship between the promoters and the corporation and the relationship between business partners. In each relationship‚ what kinds of the fiduciary duties should be performed is elaborated in details. The aim of the project
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Adelphia Communications Scandal Adelphia Communications was the nation’s 6th largest cable company and became yet another corporation involved in a scandal that resulted in their downfall. Adelphia’s services included high speed cable internet service‚ cable TV service‚ and long distance phone service. Adelphia had more than five million subscribers to these services. The scandal consisted of the Rigas family‚ the family that founded the company‚ and two other executives fraudulently excluding over
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Internet Security Breaches February 8 2013 This report about the five most significant security breaches of the past six months ago. Nasser Algaber W20055883 Yosuf Altayar W20055881 Index Subtitle pages Introduction 3 Cyber Fraud 3-5 Data breaches 5-7 Network intrusion/ Hacking 7-10 Launching worms 10-11 Cyber bullying 11-12 Category of internet security Breaches 12 Reference 13 Introduction The world has been undergoing persistent transformation which
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WHAT IS DUTY? It is necessary in the study of Karma-Yoga to know what duty is. If I have to do something I must first know that it is my duty‚ and then I can do it. The idea of duty again is different in different nations. The Mohammedan says what is written in his book‚ the Koran‚ is his duty; the Hindu says what is in the Vedas is his duty; and the Christian says what is in the Bible is his duty. We find that there are varied ideas of duty‚ differing according to different states in life‚ different
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