by TChris

Mixed verdicts have been returned in the corporate fraud case against Adelphia executives, but the company's founder, John Rigas, has been found guilty of "conspiring to loot hundreds of millions of dollars" from the company. His son, Timothy Rigas, was also convicted of conspiracy and fraud, while the jury has not yet been able to reach a verdict on most of the charges against another son, Michael Rigas. A fourth defendant, Michael Mulcahey, was acquitted on all counts.

Update (TL) : Congratulations to Mark Mahoney, NACDL member and former President of New York State Association of Criminal Defense Lawyers on his determined and brilliant defense of Michael Mulcahey, the only defendant acquitted in the Adelphia case.

Mulcahey and his tearful wife, Cathy, hugged. And one defense lawyer after another came by to congratulate Mark Mahoney, the Buffalo attorney who drew widespread raves for his closing argument in Mulcahey's defense.