Violation Tracker Individual Record

Company: 
Adelphia Communications Corporation
Current Parent Company: 
Adelphia Communications
Penalty: 
$715,000,000
Year: 
2005
Date: 
April 25, 2005
Offense Group: 
financial offenses
Primary Offense: 
accounting fraud or deficiencies
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
HQ Country of Parent: 
USA
HQ State of Parent: 
Pennsylvania
Ownership Structure of Parent: 
out of business
Major Industry of Parent: 
telecommunications
Specific Industry of Parent: 
telecommunications
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.