Report: Prosecutors want 22 years for Vilar, former Vail Valley benefactor
Vail, CO Colorado
Prosecutors say former Beaver Creek resident and Vail Valley benefactor Alberto Vilar should get 22 years in prison for his conviction last November on fraud and conspiracy for stealing from investors, according to a report on Bloomberg.com.
The Web site said prosecutors asked for the sentence in papers filed Oct. 2. They claim Vilar and his partner, Gary Tanaka, stole $40 million from investors. They say Tanaka should get 17 years in prison.
Lawyers for Vilar, 69, and Tanaka, 66, asked Judge Richard Sullivan for leniency, according to the Web site.
Vilar is confined to a federal jail in Manhattan pending sentencing and Tanaka, who lives in London, is free on bail and must remain in the U.S., the Web site said.