Fraud Trial
Tanaka was tried in 2008 in New York for a $20m fraud against customers of the Amerindo investment company he ran with Alberto Vilar. In November 2008 he was found guilty of conspiracy, securities fraud and investment adviser fraud, and he was sentenced to five years in jail in early 2010. The case is still under appeal.
Read more about this topic: Gary A. Tanaka
Famous quotes containing the words fraud and/or trial:
“He saw, he wish’d, and to the prize aspir’d.
Resolv’d to win, he meditates the way,
By force to ravish, or by fraud betray;
For when success a lover’s toil attends,
Few ask, if fraud or force attain’d his ends.”
—Alexander Pope (1688–1744)
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—Dorothy Parker (1893–1967)