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MercoPress, en Español

Montevideo, April 3rd 2025 - 13:02 UTC

Tag: Conexión Ganadera

  • Saturday, February 22nd 2025 - 10:49 UTC

    New Uruguayan meat packing plant joins list of companies hit by uncertainty

    Basso's death unleashed a series of obscure deeds that keep sinking Uruguayan meat packing into uncertainty

    A new crisis in a meat packing plant in Uruguay left some 160 workers fearing for their livelihoods after the Paso de los Toros company halted operations, thus adding to the growing list of plants in crisis, which already included Scheneck, Casa Blanca, Lorsinal, and Rondatel, all of them in connection with the fraud scandal involving the financial company Conexión Ganadera, whose director, Gustavo Basso, died in a traffic accident amidst investor claims.

  • Wednesday, January 29th 2025 - 20:07 UTC

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

    Founded in 1999, Conexión Ganadera grew after the 2002 crisis, offering livestock investments as an alternative to traditional banking.

    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.