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. Attorney Rosca’s firm, Goldman Scarlato & Penny, has been retained by Borland investors and is pursuing compensation on their behalf. Borland investors are encouraged to contact attorney Rosca with information about this matter or to discuss potential recovery options.

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 Hired By Borland Investors, Preparing to Take Action

Securities lawyer Alan Rosca and his colleagues currently represent investors in the Borland allegedly fraudulent investment scheme. They are preparing to take action against a brokerage firm that employed the brokers who recommended and sold the Borland investments to those investors.

“Securities broker-dealer firms have a duty to adequately supervise their registered representatives, monitor and approve every product they sell to investors, and take reasonable steps to ensure that their stockbrokers don’t victimize the investing public,” said attorney Alan Rosca. “We will continue to go after brokerage firms that fail to discharge their duties to investors, and will seek compensation for those investors’ losses,” said attorney Rosca.

More Brent Borland investors are contacting the Goldman Scarlato & Penny firm regarding their losses. The firm takes most cases of this type on a contingency fee basis and advances the case costs, and only gets paid for its 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 rosca@lawgsp.com, or through the contact form on this webpage.

filed under: Investigations

Tags: , , , , , , ,

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent updates regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www.finra.org.