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Alberto Vilar Fraud Conviction Comes After Heated Deliberation

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New York Times   |  DANIEL J. WAKIN   |   November 20, 2008 09:50 AM

Read More: Alberto Vilar, Alberto Vilar Charges, Alberto Vilar Fraud, Fraud, Money Laundering, Business News

Alberto W. Vilar, the investor and music lover accustomed to opulent living, front-row opera seats and the gratitude of arts impresarios, now faces a more humble prospect: prison.

A federal jury in Manhattan on Wednesday convicted him of defrauding clients of his firm, Amerindo Investment Advisors, finding him guilty on all 12 counts. The jury also convicted his former business partner, Gary A. Tanaka, on 3 of the 12 counts.

The two men were charged in a 12-count indictment alleging conspiracy and securities fraud, investment adviser fraud, mail fraud, wire fraud, making false statements and money laundering. Mr. Tanaka, 65, was found guilty of conspiracy, securities fraud and investment adviser fraud.

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Alberto W. Vilar, the investor and music lover accustomed to opulent living, front-row opera seats and the gratitude of arts impresarios, now faces a more humble prospect: prison. A federal jury i...
Alberto W. Vilar, the investor and music lover accustomed to opulent living, front-row opera seats and the gratitude of arts impresarios, now faces a more humble prospect: prison. A federal jury i...
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