The dramatic rise and fall of opera-loving philanthropist Alberto Vilar culminated Friday in a nine-year prison sentence from a judge who credited his giving spirit but said money managers must learn fraud leads to prison and damages confidence in the economy. U.S. District Judge Richard J ...

Philanthropist Alberto Vilar is begging a New York court for mercy as he awaits sentencing for conspiracy fraud, saying he's too sick for prison. The investment adviser could face 22 years in prison on Feb. 5. In a letter to the judge, the ...

A judge has ordered philanthropist Alberto Vilar imprisoned to await sentencing after his conviction on conspiracy fraud charges. At a hearing Thursday in federal court in Manhattan, Judge Richard Sullivan said he was no longer confident that Vilar would appear at his March 20 sentencing ...

Federal prosecutors say philanthropist Alberto Vilar might flee because he could face the rest of his life in prison. Prosecutors submitted papers in federal court Thursday to get the investment adviser jailed before his March 20 sentencing. The opera-loving Vilar was convicted of conspiracy fraud charges last ...