April 24, 2014 / 4:01 PM / 4 years ago

Money manager Vilar gets 10 years prison in resentencing

NEW YORK, April 24 (Reuters) - Money manager and arts patron Alberto Vilar was resentenced on Thursday to 10 years in prison, a year longer than previously, in connection with his 2008 conviction for fraud and money laundering.

U.S. District Judge Richard Sullivan in Manhattan, who had imposed the original sentence, said a longer term was justified because Vilar had taken steps to prevent victims of his crimes from being repaid.

Sullivan also sentenced Gary Tanaka, Vilar’s business partner at the now-defunct Amerindo Investment Advisers Inc, to six years in prison, also a year longer than previously.

A federal appeals court last August had ordered both defendants resentenced in light of a 2010 U.S. Supreme Court decision that affected how punishments should be calculated.

The case is U.S. v. Vilar et al, U.S. District Court, Southern District of New York, No. 05-cr-00621. (Reporting by Nate Raymond in New York)

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