MercoPress. South Atlantic News Agency

Financial scandal in Uruguay: Conexión Ganadera and the model that ended up as a Ponzi scheme

The collapse of Conexión Ganadera, one of Uruguay's leading cattle investment firms, has left hundreds of savers in suspense after it was revealed that its financial model operated as a Ponzi scheme. This was stated by accountant Ricardo Giovio, hired by the company to evaluate its situation. Read full article