FEDS CLAIM ADELPHIA OFFICERS CHANNELED MILLIONS.(BUSINESS)

Byline: BILL BERGSTROM Associated Press

PHILADELPHIA -- Adelphia Communications' septuagenarian founder and chairman, John J. Rigas, personally ran up as much as $66.9 million in advances from the cable television company's cash management account, federal investigators allege.

At some point, the investigators say, his son and vice president for finance, Timothy Rigas, reined in the withdrawals, limiting his father to a $1 million-a-month maximum.

John J. Rigas then drew that limit for 12 straight months, although the company was publicly reporting his annual compensation as $1.9 million, investigators said in one of the most dramatic of allegations …