New York fund manager pleads guilty to Belize airport scam

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An American fund manager from New York, Brent Borland, 48, plead guilty on Wednesday to running a US $21.9 Million fraud in which he falsely told investors their money was being used to construct.

NEW YORK (Reuters) – A New York investment manager pleaded guilty on Wednesday to running a $21.9 million fraud in which he falsely told dozens of investors their money was being used to build an international airport in Belize, the U.S. Department of Justice said.

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New York fund manager pleads guilty to Belize airport scam A New York investment manager pleaded guilty on Wednesday to running a $21.9 million fraud in which he falsely told dozens of investors their money was being used to build an international airport in Belize, the U.S. Department of Justice said.

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American investment manager 48-year-old Brent Borland has pleaded guilty to running a US$21.9 million fraud in Belize between 2014 and 2018. Borland admitted to falsely telling dozens of investors their money was going to be used to construct an international airport in Placencia southern Belize, promising them double-digit rates in returns for their investment.

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