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The lessons of Adelphia's cash fraud
Author(s) -
Johnson Leigh Redd,
Rudolph Holly R.
Publication year - 2007
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.20352
Subject(s) - cash , cash management , business , cash flow forecasting , accounting , finance
By using a complex centralized cash management system for Adelphia, John and Timothy Rigas systematically looted the company over a prolonged period. It was one of the most massive cases of corporate financial fraud to date. But what lessons does it teach us about cash management? © 2007 Wiley Periodicals, Inc.