Attention Borland Investors: Sales Practices of Brokers Who Recruited Investors to Brent Boland’s Scheme Investigated by Securities Lawyers
Brent Borland, the owner of a Manhattan-based alternative investment firm, has been charged by the SEC with misappropriating nearly $6 million in investor funds set aside to finance the construction of an international airport in Belize, according to an SEC Complaint under review by Alan Rosca.
Attorney Alan Rosca is investigating activity related to Brent Borland’s alleged investment fraud and is available to talk to investors who were recruited by a broker to invest in Borland’s scheme.
Borland, between 2014 and 2017, allegedly sold more than $21.9 million of promissory notes to at least 44 investors in at least eight states, with assurances that the funds would be used as bridge financing for development of an international airport in Placencia, Belize, according to the aforementioned Complaint.
Borland also allegedly told investors that said investments would be protected by pledges of real estate as collateral.
Borland Allegedly Sold Promissory Notes Via Two Companies, Borland Capital Group LLC, & Belize Infrastructure Fund I, LLC
Brent Borland allegedly marketed and sold the aforementioned promissory notes via a pair of companies, Borland Capital Group LLC, which claims to be active in “alternative investment,” and Belize Infrastructure Fund I, LLC, which stated that it is in the construction finance business.
While Borland assured his investors that their money would be used as bridge financing to fund construction and development of an international airport in Belize, in reality he misappropriated more than $5.98 million of investor assets and used much of that money to pay for his lavish lifestyle, the SEC alleged.
Borland, Borland Capital Group and Belize Infrastructure Fund violated the antifraud provisions of the federal securities laws, the SEC alleged.
Borland was reportedly arrested and criminally indicted in connection with the same facts.
Securities Lawyers Investigating
Securities lawyer Alan Rosca and his colleagues represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Brent Borland’s alleged investment scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, an investor rights lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover millions of dollars on behalf of investors.
Investors who believe they lost money as a result of Brent Borland’s alleged investment scheme may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at email@example.com, or through the contact form on this webpage.