Man Convicted of Investment Fraud Scheme in Belize

Published on April 23, 2024

FULLERTON, Calif.—A man was convicted April 22 of ripping off seniors in a purported investment scheme in Belize. Leo Delgado was convicted by a jury at the North Justice Center in Fullerton of three counts of grand theft and six counts of money laundering, all felonies, with sentencing enhancements for aggravated white collar crime between $100,000 and $500,000. Mr. Delgado was scheduled to be sentenced May 17. The man was convicted of stealing from two couples and a woman. He told them he was the owner of Innovative Steel Structures and Design and Turquoise management with offices in Irvine, prosecutors said in a trial brief....

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