Then, in the blink of an eye, John Rigas lost everything his company, his reputation, even the affection of his beloved Coudersport. Last March, Adelphia disclosed it was on the hook for $2.3 billion in off balance sheet loans the Rigas family had used mostly to buy company stock. Rigas resigned, as did his three sons Michael, Tim, and James who held top executive positions and sat on the board with their father.
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