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Tuesday, June 21, 2005

Vilar Meets Bail

by: Theresa Sim

Alberto Vilar, co-founder of Amerindo, was released on bail on Monday, reported the Wall Street Journal.

Vilar was previously unable to meet a $10 million bail set by a federal court judge earlier last week. To meet the bail, Vilar only needed to round up $4 million in property and assets and find four friends to co-sign the bond, but according to the Journal, he only rounded up a friend's $1.8 million Southhampton property and art worth $1 to $2 million. 

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