Adelphia Communications

Adelphia Communications was once a major cable TV and internet provider in the United States, serving thousands of communities. Founded in 1952, it expanded rapidly but later faced financial difficulties due to mismanagement and fraudulent accounting practices. In 2002, the company filed for bankruptcy amid a scandal involving its founders, who were accused of embezzling billions of dollars. Subsequently, Adelphia was sold to Comcast and Time Warner Cable, ending its independent operations. The case highlighted issues of corporate governance and the importance of transparent financial practices in large companies.