2nd Circ. Says Fraudster Can't Withdraw His Appeal

Law360, New York (July 19, 2011, 6:35 PM EDT) -- The Second Circuit on Tuesday denied a bid by former money manager Alberto Vilar to withdraw his appeal of a nine-year sentence for running a multimillion-dollar fraud scheme while a lower court considers his application for writ of habeas corpus.

While the Second Circuit did not let Vilar withdraw his appeal — a move that was opposed by his co-defendant, Gary Tanaka, and the U.S. government — the court did grant him a six-month extension to file his appeal brief, which he had requested so that...
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