NY appeals court orders bail for philanthropist

Published



NEW YORK (AP) — An opera-loving philanthropist convicted of a multimillion-dollar fraud will soon be freed from prison on bail after a federal appeals court signaled on Tuesday he might be succeeding in proving his case deserves a second look.

The 2nd U.S. Circuit Court of Appeals issued a one-page order requiring Alberto Vilar and a co-defendant, Gary Alan Tanaka, be released before it issues its opinion on the legality of their convictions.

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