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Biscayne Capital co-founder sentenced in US to 10 years in prison for fraud

( April 24, 2025, 19:51 GMT | Official Statement) -- MLex Summary: Roberto Gustavo Cortes Ripalda, the co-founder, co-owner and former chief executive of international investment advisory firm Biscayne Capital, was sentenced to 10 years in prison for conspiracy to commit wire fraud. Cortes pleaded guilty to the charge in September 2023; as part of the sentence, Cortes was also ordered to pay $3.4 million in forfeiture and $103 million in restitution to more than 110 victims.Statement follows:...

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