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BREAKING NEWS ~ Adelphia founder John  Rigas sentenced to 15 years News
BREAKING NEWS ~ Adelphia founder John Rigas sentenced to 15 years
Tom Henry
June 20, 2005 03:57:00 pm

[JURIST] Adelphia Communications Corp. [corporate website] founder John Rigas has been sentenced to 15 years for bank fraud, securities fraud, and conspiracy.

5:02 PM ET – AP is reporting that former Adelphia chief financial officer Timothy Rigas has been sentenced to 20 years in prison. Bloomberg has more.

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THIS DAY @ LAW

FBI chief J. Edgar Hoover died

Longtime FBI Director J. Edgar Hoover died on May 2, 1972 at age 77, having led the agency since 1924. He built his reputation on battling bootleggers during Prohibition and communist and pro-rights groups after World War II.

Review Hoover's official FBI personnel file, released under the terms of the Freedom of Information Act.

European Central Bank founded

On May 2, 1998, the European Central Bank (ECB) was founded to set monetary policy for the sixteen EU nations who use the Euro as their primary currency.

Learn more about the ECB from the organization's website.

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