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Violation Tracker Individual Record

Company: Adelphia Communications Corporation
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $715,000,000
Year: 2005
Date: April 25, 2005
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Mega-Scandal: Early 2000s Accounting Scandals
Violation Description: Adelphia agreed to contribute $715 million to a victims compensation fund as part of a non-prosecution agreement signed by the company, whose principals were involved in a major accounting fraud case.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: non-prosecution agreement
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.