Amerindo co-founder Gary Tanaka is out of prison and confined to his house, but Tanaka's racing stable is up and running, reports Blood-Horse Magazine, a horse-racing publication.

Tanaka, who is also facing fraud charges, owns approximately 30 horses in the U.S. and Europe. His stable of horses earned more than $4 million in winnings in 2004, ranking 16th in the U.S. in total winnings, according to Blood-Horse.

Ben Cecil, a trainer for Tanaka's horses, told Blood-Horse, "I think everything is the same as before …I spoke to (Tanaka) the day before yesterday and that's what he told me--to do things just as I have been."

"As I understand it, the racing operation will continue as before," Tanaka's racing manager, Lincoln Collins, told Blood-Horse. "I haven't heard anything differently. He's got Pellegrino (and Sarafan) entered for the Charlie Whittingham (gr. IT) on Saturday at Hollywood Park, and the (Rakti) in the Queen Anne Stakes www(Eng-I) at Royal Ascot at York next week. As I say, from the point of view of the racing stable, everything is going forward as usual," said Collins. 

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