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Adelphia Communications
Adelphia Communications Corporation was an American cable television company with headquarters in Coudersport, Pennsylvania. It was founded in 1952 by brothers Gus and John Rigas after the pair purchased a cable television franchise for US$300. Combining various cable properties, the company became one of the most successful in the United States and reached over two million subscribers in 1998. In addition to cable television, Adelphia later started providing high-speed internet, phone services and voice messaging for businesses. Despite its success, in 2002 the company filed for bankruptcy amid an internal corruption scandal. An investigation was launched and later revealed that some members of the Rigas family used $2.3 billion to illegitimately purchase personal luxuries. A trial for the case was launched and saw John Rigas being sentenced to 15 years in prison, while his son Timothy Rigas received a sentence of 20 years. John Rigas was released in 2016 as a result of health is ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Greek Language
Greek ( el, label=Modern Greek, Ελληνικά, Elliniká, ; grc, Ἑλληνική, Hellēnikḗ) is an independent branch of the Indo-European family of languages, native to Greece, Cyprus, southern Italy (Calabria and Salento), southern Albania, and other regions of the Balkans, the Black Sea coast, Asia Minor, and the Eastern Mediterranean. It has the longest documented history of any Indo-European language, spanning at least 3,400 years of written records. Its writing system is the Greek alphabet, which has been used for approximately 2,800 years; previously, Greek was recorded in writing systems such as Linear B and the Cypriot syllabary. The alphabet arose from the Phoenician script and was in turn the basis of the Latin, Cyrillic, Armenian, Coptic, Gothic, and many other writing systems. The Greek language holds a very important place in the history of the Western world. Beginning with the epics of Homer, ancient Greek literature includes many works of lasting impo ...
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Worldcom
MCI, Inc. (subsequently Worldcom and MCI WorldCom) was a telecommunications company. For a time, it was the second largest long-distance telephone company in the United States, after AT&T. Worldcom grew largely by acquiring other telecommunications companies, including MCI Communications in 1998, and filed bankruptcy in 2002 after an accounting scandal, in which several executives, including CEO Bernard Ebbers, were convicted of a scheme to WorldCom scandal, inflate the company's assets. In January 2006, the company, by then renamed MCI, was acquired by Verizon Communications and was later integrated into Verizon Business. Worldcom was originally headquartered in Clinton, Mississippi before relocating to Ashburn, Virginia when it changed its name to MCI. History Foundation In 1983, in a coffee shop in Hattiesburg, Mississippi, Bernard Ebbers and three other investors formed Long Distance Discount Services, Inc. based in Jackson, Mississippi and in 1985, Ebbers was named chief ...
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Enron
Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was founded by Kenneth Lay in 1985 as a merger between Lay's Houston Natural Gas and InterNorth, both relatively small regional companies. Before its bankruptcy on December 2, 2001, Enron employed approximately 20,600 staff and was a major electricity, natural gas, communications, and pulp and paper company, with claimed revenues of nearly $101 billion during 2000. ''Fortune'' named Enron "America's Most Innovative Company" for six consecutive years. At the end of 2001, it was revealed that Enron's reported financial condition was sustained by an institutionalized, systematic, and creatively planned accounting fraud, known since as the Enron scandal. Enron has become synonymous with willful corporate fraud and corruption. The scandal also brought into question the accounting practices and activities of many corporations in the United States and was a factor in the enac ...
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Accounting Scandals
Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms. Accounting can be divided into several fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measurement ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Adelphia Would-be Headquarters In Coudersport
Adelphia (from the Greek for "brotherhood", ''αδέλφια'') may refer to: *Adelphia, New Jersey * ''Adelphia'' (album), a 2009 album by A Skylit Drive * ''Adelphia'' (moth), a genus of moths * ''Adelphia'' (plant), a genus of woody-vined flowering plants *Adelphia Coliseum or Nissan Stadium *Adelphia College, a college in Seattle, Washington *Adelphia Communications Corporation, a defunct cable television company *Adelphia School, a Howell Township Public School *Sarcophagus of Adelphia: 4th century paleo-Christian sarcophagus found near Siracusa, Sicily See also *Adelphi (other) *Philadelphia Philadelphia, often called Philly, is the largest city in the Commonwealth of Pennsylvania, the sixth-largest city in the U.S., the second-largest city in both the Northeast megalopolis and Mid-Atlantic regions after New York City. Sinc ... {{disambiguation Genus disambiguation pages ...
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Kimba Wood
Kimba Maureen Wood (born January 21, 1944) is a Senior United States district judge of the United States District Court for the Southern District of New York. Wood has presided over many high-profile cases involving such figures as "Junk Bond King" Michael Milken, Republican majority leader of the New York State Senate Dean Skelos, and Donald Trump's personal attorney, Michael Cohen. She is also known as "The Love Judge" after her alleged affair with Wall Street financier Frank Richardson. Early life and education Wood was born in Port Townsend, Washington. Wood was named for the small town of Kimba, South Australia, which her mother saw in an atlas. Her father was a career officer and speechwriter in the United States Army. Wood lived in Europe during her youth, where her father was stationed in several places, and she received early education at the Sorbonne. In 1965, Wood graduated cum laude from Connecticut College with a bachelor's degree in government. In 1966, she rece ...
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The Buffalo News
''The Buffalo News'' is the daily newspaper of the Buffalo–Niagara Falls metropolitan area, located in downtown Buffalo, New York. It recently sold its headquarters to Uniland Development Corp. It was for decades the only paper fully owned by Warren Buffett's Berkshire Hathaway. On January 29, 2020, the paper reported that it was being sold to Lee Enterprises. History The ''News'' was founded in 1873 by Edward Hubert Butler, Sr. as a Sunday paper.Frequently Asked Questions
, www.buffalonews.com
On October 11, 1880, it began publishing daily editions as well, and in 1914, it became an inversion of its original existence by publishing Monday to Saturday, with no publication on Sunday. During most of its life, the ''News'' was known as ''The Buffalo Evening News''. A gentleman's agreement between the ''Ev ...
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Securities And Exchange Commission
The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market manipulation. In addition to the Securities Exchange Act of 1934, which created it, the SEC enforces the Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes–Oxley Act of 2002, and other statutes. The SEC was created by Section 4 of the Securities Exchange Act of 1934 (now codified as and commonly referred to as the Exchange Act or the 1934 Act). Overview The SEC has a three-part mission: to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. To achieve its mandate, the SEC enforces the statutory requirement that public companies and other regulated companies submit quarterly and annual re ...
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Olean Times Herald
The ''Olean Times Herald'' is a daily newspaper serving the western Twin Tiers region, based in Olean, New York. The afternoon newspaper, one of the few remaining afternoon papers in the nation, is published by Bradford Publishing and is published six days each week - Monday thru Friday, with a special “Weekend Edition” delivered on Saturday mornings. It does not publish on Memorial Day, Independence Day, Labor Day, Thanksgiving, Christmas and New Year's. It is the flagship of Bradford Publishing's newspaper stable, which includes The Bradford Era (a morning newspaper that mostly serves Pennsylvania), the Salamanca Press (a weekly paper serving Central and Western Cattaraugus County), the Ellicottville Times (a free weekly), and the Fredonia, Gowanda/Silver Creek and Salamanca Pennysavers. The Thomson Corporation acquired the ''Olean Times Herald'' in 1988; they sold the paper, along with 11 other papers, to the American Publishing Company (later Hollinger International) in ...
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Securities Fraud
Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of securities laws."Securities Fraud Awareness & Prevention Tips
faq by FBI, accessed February 11, 2013
Securities fraud can also include outright theft from investors ( embezzlement by ),