Omar Amanat, CEO of Charity Dreams Josh Duhamel attend APL.De.Ap's Birthday Celebration and Launch of Charity Dreams at The Conga Room at L.A. Live on December 13, 2011 in Los Angeles, California. Michael Buckner/Getty Images for Charity Dreams/AFP
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A father of six, Amanat faces years in prison if he's convicted.The trial is likely to take jurors into the two worlds straddled by Amanat, one in which he glided among the rich and powerful while in the other, prosecutors claim, he perpetrated a series of small-time cons, desperate to stay afloat.Federal prosecutors claim Amanat conspired to manipulate KIT Digital's shares while defrauding investors in a hedge fund, Maiden Capital LLC.Amanat was arrested in July 2016 and charged with conspiracy to defraud KIT Digital's investors. Amanat won't be alone at the trial. The government's star witness, Maiden Capital's disgraced founder, Steven Maiden, once worked closely with Amanat and Tuzman.Even before his arrest, Omar Amanat's life wasn't nearly as perfect as his image suggested. He'd been accused of fraud by several ex-business partners and banned from the securities industry, and he filed for personal bankruptcy, court records show. In a 2008 email, Irfan told Omar to stop tapping the family's investment vehicles to finance his lifestyle, according to court records.
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