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
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“In government offices which are sensitive to the vehemence and passion of mass sentiment public men have no sure tenure. They are in effect perpetual office seekers, always on trial for their political lives, always required to court their restless constituents.”
—Walter Lippmann (1889–1974)