In March of 2002, Adelphia was the 6th largest cable TV provider in the U.S. But then the company made one tiny financial disclosure…AND WITHIN 3 MONTHS IT WAS BANKRUPT. Shareholders filed lawsuits, the SEC alleged there was fraud, and executives went on trial. What the heck happened?
About the Author: Michael McLaughlin
Michael McLaughlin, PhD, CPA, is the creator of Edspira. When he isn't making YouTube videos or writing articles, he teaches at a university in the U.S.