New York fund manager pleads guilty to Belize airport scam

NEW YORK, Feb 13 – 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.

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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.

JP Morgan, Citigroup, Barclays and RBS have also agreed to plead guilty to US criminal charges over their involvement. had terminated four employees – three in London and one in New York – this.

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.

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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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So the investor — a charitable foundation affiliated with "a multi-national hedge fund, headquartered in New York" — was expecting a 15 percent. And then, instead of running to the airport like I.

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