Founder and former CEO of Biscayne Capital sentenced to 10 years in prison for $130 million-dollar fraud scheme

April 24, 2025 — Earlier today, in federal court in Brooklyn, Roberto Gustavo Cortes Ripalda (Cortes), the co-founder, co-owner, and former Chief Executive Officer of the international investment advisory firm Biscayne Capital, was sentenced by United States District Judge Carol Bagley Amon to 10 years in prison for conspiracy to commit wire fraud. Cortes pleaded guilty to the charge in September 2023 after being charged with conspiracy to commit wire fraud, conspiracy to commit bank fraud, and conspiracy to commit money laundering. As part of the sentence, Cortes was also ordered to pay $3.4 million in forfeiture and $103 million in restitution to over 110 victims.  Read More