Electronic monitoring ordered for Vail philanthropist
Aspen, CO Colorado
NEW YORK ” A judge has ordered electronic monitoring of opera-loving philanthropist Alberto Vilar after his conviction on fraud charges.
U.S. District Court Judge Richard Sullivan ordered the monitoring after a probation officer said Wednesday that Vilar sometimes doesn’t answer the phone at home.
Sullivan also set a March 20 sentencing date. Vilar was convicted last week.
The government has asked Sullivan to revoke Vilar’s $10 million bail, saying he’s a greater flight risk now that he has been convicted. The judge did not immediately rule.
Vilar was charged after the mother of actress Phoebe Cates accused him of stealing $5 million she had invested with him.
Vilar had a home in Beaver Creek, Colo., and donated $9 million to Vail-area performance venues.
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