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TWO FORMER INVESTMENT ADVISORS SENTENCED IN MANHATTAN FEDERAL COURT TO TWELVE AND FIVE YEARS PRISON FOR MULTIMILLION-DOLLAR FRAUD

LawFuel.com – US Law Newswire – PREET BHARARA, the United States Attorney for the Southern District of New York, announced that ALBERTO W. VILAR and GARY A. TANAKA, the former owners of Amerindo Investment Advisors, were sentenced today to twelve and five years in prison, respectively, on charges stemming from a multimillion-dollar scheme to defraud investors. VILAR and TANAKA were sentenced in Manhattan federal court by United States District Judge RICHARD J. SULLIVAN, who presided over the nine-week jury trial at which VILAR and TANAKA were convicted.

Malibu-Based ‘Cap X’ Investment Program Operator Arrested for Alleged $12 Million Ponzi Scam

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