Forty eight year old Brent Borland of Borland Capital Group has been charged by the US for defrauding investors. He used Belize to do so. Borland who operated an investment firm in New York City used investors’ money to live the life of the rich and famous, until he was caught by US authorities. He collected more than twenty one million dollars from investors on the promise to construct an airport in Placencia. Borland reportedly sold more than twenty one million dollars of promissory notes to dozens of investors, between 2014 and 2017 and told them that their investment was protected by real estates. In reality, prosecutors said, some of the property didn’t even exist, and Borland used the money for personal expenses. Borland marketed and sold the notes through two companies, Borland Capital Group LLC, which purports to be active in “alternative investment,” and Belize Infrastructure Fund I, LLC, which purports to be in the business of construction finance. Borland was criminally charged with securities fraud, wire fraud and conspiracy counts. He faces up to 20 years in prison on each fraud count if convicted.