By Ivan Moreno (October 6, 2021, 6:59 PM EDT) — The owner of an investment fund has been sentenced to seven years in prison for swindling $26 million from dozens of investors by lying to them about an airport he was purportedly building in Belize that never materialized.

Brent Borland, 51, pocketed some investors’ money and used it to buy luxury cars, a home in Florida, and to pay credit card bills, while repeatedly lying to clients about the Belize project, prosecutors said in a 2018 complaint.

Borland, of Sag Harbor, New York, pled guilty in 2019 to securities fraud, wire fraud and conspiracy.

U.S. District Judge Katherine Polk Failla sentenced…

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