A man who managed two forestry projects in Guatemala for a New Hampshire-based investment company has pleaded guilty

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. 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. He was arrested in November at Miami International Airport. Montano is scheduled to be sentenced on May 30.