June 7, 2005 |
The board of Amerindo Investment Advisors Inc., the money management firm whose founders have been charged with stealing client funds, said Monday that it had hired Munder Capital Management to oversee its sole mutual fund. Amerindo founders Alberto Vilar and Gary Tanaka were arrested last month and jailed. New York-based Amerindo removed Vilar, 64, and Tanaka, 61, as managers of the $103-million Amerindo Technology fund and said it was cooperating with the government's investigation of the men.
November 12, 2005 |
Alberto Vilar and Gary Tanaka, co-founders of Amerindo Investment Advisors, defrauded at least seven investors in addition to Lily Cates, mother of actress Phoebe Cates, the Securities and Exchange Commission said. In court papers filed Thursday in New York, the SEC says Vilar, 65, and Tanaka, 62, stole from the investors, who include an 80-year-old New York woman with diabetes, a Vilar friend who died of cancer in 2003 and a woman who says she is a former girlfriend of Vilar.
July 5, 2005 |
The recent woes of billionaire opera philanthropist and money manager Alberto Vilar, released from a New York jail on bail June 20 after languishing there for nearly a month, have had New York and London buzzing. But Los Angeles is surprisingly quiet. You'd expect to hear something from Los Angeles Opera, the recipient of a $12-million Vilar pledge that fell through.