Which cable company was involved in the 2002 scandal over hidden debt and inflated earnings?

Adelphia Communications was the cable company involved in the 2002 scandal over hidden debt and inflated earnings.

Adelphia was founded by the Rigas family and grew into one of the largest cable operators in the United States. Investigators later found that the company concealed billions of dollars in debt through complex arrangements involving off-balance-sheet partnerships. The Rigas family also used company resources for personal expenses and transactions.

The scandal became public in 2002, when Adelphia disclosed previously hidden liabilities and missed payments on its debt. Founder John Rigas and his son Timothy Rigas were convicted of bank fraud, wire fraud, and securities fraud. Adelphia filed for bankruptcy protection in 2002 and its cable assets were eventually acquired by Time Warner Cable and Comcast. The case is distinct from WorldCom: Adelphia’s defining issue was concealed family-related debt and corporate governance abuse.