2nd Circ. Vacates $10M Fines Levied On Amerindo Embezzlers
By Pete Brush ( March 23, 2016, 2:00 PM EDT) -- A quick-trigger Second Circuit on Wednesday vacated $10 million fines imposed on the alleged embezzling money managers Alberto Vilar and Gary Tanaka, ordering Manhattan Judge Richard J. Sullivan to recalculate in light of steep criminal and civil financial penalties already imposed upon the Amerindo Investment Advisors Inc. co-founders....
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