New York fund manager pleads guilty to Belize airport scam – Global Rubber Markets

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NEW YORK (Reuters) – A New york funding manager pleaded guilty on Wednesday to operating a $21.9 million fraud by which he falsely advised dozens of buyers their cash was getting used to construct a world airport in Belize, the U.S. Department of Justice stated.

READ New York fund manager pleads guilty to Belize airport scam "The divestment is part of Khazanah’s strategy to grow the businesses that we are invested in and to find the appropriate times and value to create liquidity for our future capital and investment needs," Khazanah Managing Director Shahril Ridza Ridzuan said in the statement.

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Finance Markets Insider. U.S. charges New York fund manager with Belize airport scam.. A New York investment manager was arrested on Wednesday and charged with fraudulently raising about $21.

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