Welcome to the Adelphia Victim Fund ("AVF") website, the official site for information about
the program established by the U. S. Department of Justice and the U.S. Securities and Exchange Commission to distribute to investor-victims the proceeds of the successful settlement of their respective civil and criminal enforcement actions against Adelphia Communications Corporation
("Adelphia") and members of the Rigas Family.
As a result of a settlement of actions against Adelphia and members of the Rigas Family for securities fraud and other violations,
and a related criminal forfeiture action, the U.S. Department of Justice and the U.S. Securities and Exchange Commission obtained a recovery consisting of cash and shares of common stock of Time Warner Cable Inc. that will total approximately $715 million. The funds will be distributed to eligible claimants who suffered a financial loss as a direct result of the circumstances surrounding the Adelphia fraud.
| Case Status:
The processing of all petitions has been completed and the Department of Justice has conducted a final review. Final Determination Notices are expected to be delivered in January of 2012. The Special Master and the Department of Justice are required to review all requests for reconsideration of denied claims before any checks are issued. Once the review process is complete, the Special Master will begin preparing and issuing checks to eligible victims.
Please note:
The Debt Collection Improvement Act of 1996 (DCIA), 31 U.S.C. § 3716, requires the Department of the Treasury and other disbursing officials to offset Federal payments to collect delinquent non-tax debts owed to the United States, or delinquent debts owed to states, including past-due child support enforced by states. If an offset is made during this distribution, the petitioner will receive a notification from the Department of the Treasury at the last address provided by the debtor to the creditor. If you believe that your payment may be subject to an offset, you may contact the Treasury Department at the following number: 1-800-304-3107.
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