Opinion ID: 1435420
Heading Depth: 5
Heading Rank: 1

Heading: Cash Advances

Text: From about 1999 to 2002, Adelphia advanced millions of dollars in cash to JOHN J. RIGAS, TIMOTHY J. RIGAS and MICHAEL J. RIGAS, in excess of their publicly disclosed compensation. New York Indictment ¶ 169. Other unnamed family members also received substantial amounts of cash. Id. In about 2001, John Rigas began receiving monthly cash payments of about $1 million. In April 2001, the Rigases caused Adelphia to file an amended annual report on Form 10-K, which falsely understated the total amount of compensation to [the Rigases and others] by failing to include the[se] cash advances. Id. According to the New York Bill of Particulars, these cash advances totaled nearly $80 million.