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. Montano became aware of an investigation in 2014 and left the U.S. to go back to Guatemala, and then Nicaragua, prosecutors said.

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Persons: Roberto Montano, Montano, Behzad Mirhashem Organizations: CONCORD, Prosecutors, Miami International Airport Locations: N.H, Guatemala, New Hampshire, Concord, U.S, Nicaragua