| Got An Airport in Placencia To Sell You... |
| Wed, May 16, 2018 |
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A New York investment manager has been charged in the US for a 22 million US dollar dead raise for an International airport in Placencia. Brent Borland falsely promised investors in the project a high rate of return secured by property owned by the firm. But, it seems some of the property didn't even exist, and Borland used the money he raised to live a lavish lifestyle.
He was arrested on Wednesday and charged with fraudulently raising $21.9 million US. US authorities said all investors in Borland's Belize Infrastructure Fund lost money, while the 48-year-old New Yorker diverted close to $6 million for his personal use. Borland was criminally charged with securities fraud, wire fraud and conspiracy counts. There's no word yet on what - if anything - this may have to do with the existing airport project in Riversdale which has been on freeze for years.
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