Growing Old on the Inside: America’s Aging Prison Population
A one-time mogul of cable television, John Rigas found himself sentenced to 12 years in federal prison following his convictions for bank fraud and securities fraud. His company, Adelphia Communications Corporation, had been the fifth largest cable company in the U.S. before it filed for bankruptcy in 2002 following allegations of internal corruption. The collapse of Adelphia and the subsequent conviction of its founder represented a monumental fall from grace. Rigas had started Adelphia in 1952 while he was still...
