Alberto Vilar

Alberto Vilar Brief Biography

Alberto Vilar, a.k.a., Albert Vilar, (born 4 October 1940) is an American investor and philanthropist from West Orange, NJ, particularly known as a patron of opera. He was tried and convicted in November 2008 on charges of money laundering, investment advisor fraud, securities fraud, wire fraud and mail fraud, and was sentenced in February 2010 to nine years in prison. The prosecution charged that some of the money stolen from his clients was used to meet his public philanthropic commitments. Vilar denied the main charge of conspiracy to commit fraud and launched an appeal in September 2011. In October 2012, after having served more than 2-1/2 years at the Fort Dix, NJ, Federal Correctional Institution, the appeals court, over the objections of the prosecution, ordered his immediate release pending the appeal.

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