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Monday, September 10, 2007

Place your bids...

Ever wanted to walk the halls where "one of the most extensive financial frauds ever to take place at a public company" was carried out?

Well, then you should consider buying the former corporate headquarters of Adelphia, the now-bankrupt entitiy that was the sixth largest cable television provider in the United States.

adelphia.jpg

With a minimum bid of just $1 million and an estimated value of $30 million, it might be the only way to still make money on an Adelphia investment.

Full details on the headquarters auction (and related Adelphia properties) can be found here. My favorite detail describes the entrance, where "colossal granite pillars mark your arrival to corporate opulence."

But you better hurry - bidding ends on October 11, 2007.

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