Be A Part of Securities Fraud History

Bids for 'Beacon of Excellence' Start at $1 Million

By Published on .

For sale: Corporate headquarters described as "beacon of excellence."

A classified ad placed by the auction house selling the property called the building "monumental."

Just what is this beacon of excellence? The former HQ of Adelphia Communications on South Main Street in Coutersport, Penn. The cable outfit went bankrupt in 2004, and founder John Rigas, 81, and son Timothy Rigas, 51, went to prison this month after being found guilty of securities fraud.

Minimum bid for their monument to excellence: $1 million. Read about the auction here.

From the site: "At night the building transforms into a beacon of excellence with wall-wash lighting that illuminates the ornate brickwork. Additional ground-recessed lighting enhances the brilliance of the building's picturesque concrete and granite stairway with decorative wrought iron railings. Two colossal granite pillars mark your arrival to corporate opulence."

Also, it has parking for 186.
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