Embattled Amerindo Investment Advisors founder Alberto Vilar, whose sputtering Amerindo Technology Fund was folded into the Munder Internet Fund on July 18, pleaded not guilty late last week to new charges of conspiracy and wire fraud, the Wall Street Journal reports.

Vilar and his partner, Gary Tanaka, are accused of taking $5 million from an investor and using it for personal expenses and to fulfill charity pledges. The money was intended for a new investment initiative separate from the firm's technology fund, which gained great notoriety as it rode the Internet boom to dizzying heights in the late 1990s.

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