Adelphia fraud

Rigas, and Brown resigned from their positions as officers and directors. The moral plausibility of agent-centered theories is rooted here. Thomas Scanlon's contractualism, for example, which posits at its core those norms of action that we can justify to each other, is best construed as an ontological and epistemological account of moral notions.

In this case, our agency is involved only to the extent that we have shown ourselves as being willing to tolerate evil results flowing from our acts; but we have not set out to achieve such evil by our acts.

To make this plausible, one needs to expand the coverage of agent-relative reasons to cover what is now plausibly a matter of consequentialist reasons, such as positive duties to strangers.

The problem of how to account for the significance of numbers without giving up deontology and adopting consequentialism, and without resurrecting the paradox of deontology, is one that a number of deontologists are now working to solve e.

Moreover, it is unclear what action-guiding potential such an oddly cohered morality would have: Adelphia said in a statement that it supports the arrests and "believes that these actions will help Adelphia recover the assets improperly taken from the company by the Rigas family.

The agreement with American Electric Power Co. A time-honored way of reconciling opposing theories is to allocate them to different jurisdictions. On this view, our negative duty is not to make the world worse by actions having bad consequences; lacking is a corresponding positive duty to make the world better by actions having good consequences Bentham ; Quinton The Rigas Entities did not reimburse or otherwise compensate Adelphia for these services.

Patient-centered deontologists handle differently other stock examples of the agent-centered deontologist.

Adelphia Communications Corporation

Mulcahey is 45 years old and resides in Port Allegany, Pennsylvania. The evidence suggests less that they intended to defraud than that they intended to hide inconvenient facts until they could be righted.

For years, AOL had minimum retention or "save" percentages that customer-service personnel were expected to meet, investigators said. What Adelphia fraud the current status of the case? Within two months, the Rigas clan had resigned their positions and relinquished control of the company.

Rigas is 46 years old and resides in Coudersport, Pennsylvania. If our agent-relative obligation is neither of these alone, but is rather, that we are not to kill in execution of an intention to kill, both such instances of seeming overbreadth in the reach of our obligations, are Adelphia fraud.

The bureau had alleged that in one sales contest, American Express Financial Advisors offered advisers who sold the most company funds a free one-year lease on a Mercedes Benz. Two of these are particularly apt for revealing the temptations motivating the alternative approach to deontic ethics that is deontology.

Consequences—and only consequences—can conceivably justify any kind of act, for it does not matter how harmful it is to some so long as it is more beneficial to others. Yet another strategy is to divorce completely the moral appraisals of acts from the blameworthiness or praiseworthiness of the agents who undertake them, even when those agents are fully cognizant of the moral appraisals.

Defendants, directly and indirectly, have made use of the means or instruments of transportation or communication in, and the means or instrumentalities of interstate commerce, or of the mails, or of the facilities of a national securities exchange, in connection with the transactions, acts, practices, and courses of business alleged herein.

A lawyer for Timothy Rigas, Jeremy H. However, jurors were deadlocked on certain counts, and Michael Rigas had been scheduled for a second trial but on March 3, he was sentenced to 10 months of home confinement and two years probation after pleading guilty in to one count of making a false entry in a financial report according to many published reports.

Yet it would be an oddly cohering morality that condemned an act as wrong yet praised the doer of it. Avoision is an undesirable feature of any ethical system that allows such strategic manipulation of its doctrines. Why should one even care that moral reasons align with deontology if the important reasons, the all-things-considered reasons that actually govern decisions, align with consequentialism?

Although there is no deontological bar to switching, neither is the saving of a net four lives a reason to switch.

Adelphia Officials Are Arrested, Charged With 'Massive' Fraud

Deontology's Relation s to Consequentialism Reconsidered The perceived weaknesses of deontological theories have led some to consider how to eliminate or at least reduce those weaknesses while preserving deontology's advantages.

This is true, of course, only so long as the concept of using does not implicitly refer to the intention of the user Alexander The Defendants engaged in these practices to afford Adelphia continued access to commercial credit and the capital markets.

Rigas or members of his family. Stephen Cutler, the SEC enforcement chief, explains the allegations in the case and goals of the investigation, including investor restitution. Brown, former vice president of finance; and Michael C.

Adelphia founder gets 15-year term; son gets 20

Adelphia is a Delaware corporation headquartered in Coudersport, Pennsylvania. In andthe Rigases told public shareholders they were buying company stock to help ease the debt pressures. The Commission also seeks civil penalties from each defendant, and permanent injunctions against violating the securities laws.

They have all pleaded innocent. The Commission alleges that the defendants continued their fraud even after Adelphia acknowledged, on March 27,that it had excluded several billion dollars in liabilities from its balance sheet. Conspiracy to commit securities fraud, wire fraud and bank fraud Count 2: In its lawsuit, filed in federal court in Manhattan, the Commission alleges that the defendants violated the antifraud, periodic reporting, record keeping, and internal controls provisions of the federal securities laws.

See generally the entry on Kant.Tyco Fraud Information: Tyco Fraud InfoCenter Tyco International, Ltd., a corporation that makes a diversity of products, from healthcare supplies to alarm systems, has recently accused three former high-level executives of fraud.

Best Business Crime Writing of The Year [James Surowiecki (Editor)] on *FREE* shipping on qualifying offers. A year ago it would have been difficult to conceive of an anthology of stories soley devoted to corporate malfeasance.

Today. John Rigas, who turned a $ investment a half-century ago into cable behemoth Adelphia Communications Corp., was sentenced to 15 years in prison Monday for his role in.

Adelphia founder John Rigas and two of his sons were arrested and charged with looting the cable-television company.

Adelphia founder John Rigas found guilty

Two other executives were also arrested. Adelphia's description of the possible results of Deloitte's review was entirely false because the misrepresentations about co-borrowing liabilities were just one aspect of the fraud perpetrated by Adelphia and its management, as set forth above.

The Director of the SEC's Northeast Regional Office Wayne M. Carlin said: "In this case, Adelphia not only failed early on to cooperate with the Commission's investigation, but actually allowed the fraud to continue until the Rigas .

Adelphia fraud
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