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Alberto Vilar
Alberto Vilar, a.k.a. Albert Vilar, (born October 4, 1940) is an American former investment manager who became particularly known as a patron of opera companies, performing arts organizations, and educational institutions. Following the collapse of his investment firm, Amerindo Investment Advisors, he was tried and convicted in November 2008 on charges of money laundering, investment advisor fraud, securities fraud, mail and wire fraud. He was sentenced in February 2010 to nine years in prison.
==Background==
Originally from West Orange, New Jersey, Vilar earned an economics degree from Washington & Jefferson College, a liberal arts college in Washington, Pennsylvania. He then earned a master's degree in economics at Iona College in New Rochelle, New York. In 1979, along with Gary Tanaka, he founded Amerindo Investment Advisors, an investment advisory firm based in San Francisco and New York, with offices in London. In 1981, Vilar made his first $1 million. Amerindo's main investment activities were in technology funds, which the stock market crash of 2000 severely affected. The value of the Amerindo funds declined sharply, and Vilar began to default on his pledges to arts institutions.
Vilar has served on the Washington & Jefferson College Board of Trustees.
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