The founder of a New York-based investment firm was charged with defrauding investors and using their money to fund a lavish lifestyle, including payments for a Florida mansion, multiple luxury cars and private school tuition.
Borland Capital Group LLC founder Brent Borland, 48, of Sag Harbor, was charged in a complaint unsealed in Manhattan federal court Wednesday with cheating investors who contributed more than $21 million for the construction of a Belize airport by falsely promising a high rate of return secured by property owned by the firm.
