In May 2002, John Rigas and his sons were indicted for bank, wire and securities fraud for embezzling more than $2 billion from Adelphia. Rigas was later convicted and presently is appealing a sentence of 15 years in prison. The NHL took control of the team, though the Rigas family remained owners on paper. For a while, there were no interested buyers. After the two-year period of uncertainty, including rumors of relocating to another city or even straight out folding, the team was sold to a consortium led by Rochester, New York, billionaire and former New York gubernatorial candidate Tom Golisano and former Sabres president Larry Quinn, whose bid included no government funding. Golisano was introduced as team owner on March 19, 2003.