A grand jury has indicted Amerindo founders Alberto Vilar and Gary Tanaka on more criminal charges, reports Dow Jones Newswires.

Vilar previously faced counts for investment advisor fraud, securities fraud, mail fraud, wire fraud and four counts of money laundering; now he faces conspiracy charges and another count of wire fraud.

Tanaka is now facing criminal counts of conspiracy, securities fraud, investment advisor fraud, mail fraud, four counts of money laundering and two counts of wire fraud. Previously, the horse aficionado only faced three counts of fraud.  

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