July 25, 2002

J.P. Morgan Says Acted Properly on Enron (Reuters)
J.P. Morgan Chase & Co. Inc. on Wednesday defended itself against congressional allegations it helped bankrupt energy trader Enron Corp. hide massive debts, boosting its shares and the broader U.S. stock market.

Adelphia Founder, Sons Charged
Family Looted Sixth-Largest Cable TV Company, U.S. Sa

By Carrie Johnson and Christopher Stern
Washington Post Staff Writers
Thursday, July 25, 2002

Federal authorities yesterday arrested five former executives of Adelphia Communications Corp., including the founder and two of his sons, and charged them with defrauding investors out of billions of dollars by using the cable television company as their "personal piggy bank."