Current：Home > MyMan pleads guilty to embezzling millions meant to fund Guatemala forestry projects-LoTradeCoin
Man pleads guilty to embezzling millions meant to fund Guatemala forestry projects
View
Date：2024-12-23 20:49:53
CONCORD, N.H. (AP) — A man who managed two forestry projects in Guatemala for a New Hampshire-based investment company has pleaded guilty in federal court to stealing $10 million from the business.
Roberto Montano, of Guatemala, pleaded guilty Monday in Concord to wire fraud under an agreement with prosecutors that calls for a five-year prison sentence and restitution.
Montano, 58, managed the teak forestry projects for the businessfrom 2007 until 2014. Prosecutors say he began embezzling money from the project in 2009 and that he concealed his crimes by altering financial statements and moving funds between accounts.
The U.S. attorney’s office said Montano provided the company with a false bank statement reporting that one of the bank accounts had a cash balance of more than $1.1 million, when it was actually empty.
Montano became aware of an investigation in 2014 and left the U.S. to go back to Guatemala, and then Nicaragua, prosecutors said. He lived under an alias and was most recently working as a life coach and yoga instructor.
He was arrested in November at Miami International Airport.
Montano is scheduled to be sentenced on May 30.
A message seeking comment was left Tuesday with his lawyer, Behzad Mirhashem.
veryGood！ (4958)
Related
- Joan says 'Yes!' to 'Golden Bachelorette' finale fantasy beach proposal. Who did she pick?
- California Passed a Landmark Law About Plastic Pollution. Why Are Some Environmentalists Still Concerned?
- Climate Change Remains a Partisan Issue in Georgia Elections
- Proteger a la icónica salamandra mexicana implíca salvar uno de los humedales más importantes del país
- Queen Elizabeth II's Final 5-Word Diary Entry Revealed
- Robert De Niro's Grandson Leandro De Niro Rodriguez Dead at 19
- Inside Malia Obama's Super-Private World After Growing Up in the White House
- In Georgia, Warnock’s Climate Activism Contrasts Sharply with Walker’s Deep Skepticism
- Jerry Jones lashes out at question about sun's glare at AT&T Stadium after Cowboys' loss
- CNN's town hall with Donald Trump takes on added stakes after verdict in Carroll case
Ranking
- Michelle Obama Is Diving Back into the Dating World—But It’s Not What You Think
- Why does the U.S. have so many small banks? And what does that mean for our economy?
- Indian Court Rules That Nature Has Legal Status on Par With Humans—and That Humans Are Required to Protect It
- Kyle Richards and Mauricio Umansky Address “Untrue” Divorce Rumors
- Queen Bey and Yale: The Ivy League university is set to offer a course on Beyoncé and her legacy
- In Jacobabad, One of the Hottest Cities on the Planet, a Heat Wave Is Pushing the Limits of Human Livability
- Amid a child labor crisis, U.S. state governments are loosening regulations
- You Don’t Need to Buy a Vowel to Enjoy Vanna White's Style Evolution
Recommendation
Georgia public universities and colleges see enrollment rise by 6%
Red States Still Pose a Major Threat to Biden’s Justice40 Initiative, Activists Warn
25 Cooling Products for People Who Are Always Hot
Lindsay Lohan's Totally Grool Road to Motherhood
Tech consultant testifies that ‘bad joke’ led to deadly clash with Cash App founder Bob Lee
You Don’t Need to Buy a Vowel to Enjoy Vanna White's Style Evolution
In the Race for Pennsylvania’s Open U.S. Senate Seat, Candidates from Both Parties Support Fracking and Hardly Mention Climate Change
YouTuber Grace Helbig Diagnosed With Breast Cancer
Like
- Moana 2 Star Dwayne Johnson Shares the Empowering Message Film Sends to Young Girls
- In ‘Silent Spring,’ Rachel Carson Described a Fictional, Bucolic Hamlet, Much Like Her Hometown. Now, There’s a Plastics Plant Under Construction 30 Miles Away
- Scientists Are Pursuing Flood-Resistant Crops, Thanks to Climate-Induced Heavy Rains and Other Extreme Weather