| Borland Took $1M+ in Fraud
Then Belize Delay Now Sentenced to 84 Months
and Paying $26M
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- The
Source
SDNY COURTHOUSE,
Oct 5 – Brett Borland
after being charged with
securities fraud over $1
million, which he used on
beach club membership had a
proceeding on August 5 before
U.S. District Court for the
Southern District of New
York Judge Failla. Inner
City Press live tweeted it:
This is not
your average SDNY sentencing
proceeding. Borland's
submission at footnote 3 says
"through his legal action in
Belize against Caruso, Borland
seeks to ensure that not only
the 40 investors who cut a
deal are made whole, but also
Copper Leaf."
In ongoing
Borland proceeding, a lawyer
chimes in that he lost video
but is still on by audio.
Judge Failla quips, "I thought
you had something better to
look at."
Judge Failla: Was
the Belize conduct "relevant
conduct"? It seems
sentencing will be delayed
until this Belize issues is
resolved...
Judge Failla
says, You have misled me. The
delay is not based on the SEC,
but on Belize litigation...
She says this has taken 2 1/2
hours and it turns out it is
*not* the Fatico hearing.
Now on May 11,
the sentencing has been pushed
all the way back to October 5:
"MEMO ENDORSEMENT as to Brent
Borland on [100] LETTER by USA
as to Brent Borland addressed
to Judge Katherine Polk Failla
from Negar Tekeei/Edward
Imperatore dated May 10, 2021
re: Opposition to Motion for
Adjournment of Sentencing.
ENDORSEMENT: The Court is in
receipt of Defendant's letter
motion for a further
adjournment of sentencing
(Dkt. #99) and the
Government's above response in
opposition (Dkt. #100).
Defendant's request is
GRANTED. Sentencing is
ADJOURNED to October 5, 2021."
On October
5 Judge Failla held the
sentencing, and Inner City
Press covered it. Borland was
sentenced to 84 months in
prison, and to pay $26
million. There will be three
years of supervised release.
The case is US v.
Borland, 18-cr-487
Failla)
***
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