New York fund manager pleads guilty to Belize airport scam – Global Rubber Markets

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Finance Markets Insider. U.S. charges New York fund manager with Belize airport scam.. A New York investment manager was arrested on Wednesday and charged with fraudulently raising about $21.

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NEW YORK (HeadlineNews) – 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. Brent Borland, 48, a principal.

On Monday, November 10, 2014, James M. Peister pleaded guilty at the federal courthouse in Central Islip, New York, to securities fraud for operating a $17.9 million Ponzi scheme.

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