{"id":19240,"date":"2020-09-21T13:56:41","date_gmt":"2020-09-21T18:56:41","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19240"},"modified":"2020-09-22T14:12:44","modified_gmt":"2020-09-22T19:12:44","slug":"monex-grupo-financiero-ponzi-scam","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/monex-grupo-financiero-ponzi-scam\/","title":{"rendered":"Monex Grupo Financiero Customers Lose $40M in Alleged Ponzi Scam"},"content":{"rendered":"

Texas Brothers Sue Financial Services Company for $1.5M<\/span><\/h2>\n

After turning down a settlement that would have reimbursed them 60 cents for every dollar, brothers Jim and Ken Karger are suing Monex Grupo Financiero for the $1.5M they lost in an alleged decades-long Ponzi scam. This alleged scam not only defrauded them but also other expatriates living in the town of San Miguel de Allende resulting in a loss of up to $40M.<\/span><\/p>\n

Mexico Daily News, which conducted an investigation into the allegations last year, found that the money was stolen from 150 Monex accounts held by expatriates, including retirees.\u00a0<\/span><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Texas Brothers Sue Financial Services Company for $1.5M After turning down a settlement that would have reimbursed them 60 cents for every dollar, brothers Jim and Ken Karger are suing Monex Grupo Financiero for the $1.5M they lost in an alleged decades-long Ponzi scam. This alleged scam not only defrauded them but also other expatriates […]<\/p>\n","protected":false},"author":2,"featured_media":19241,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3792],"tags":[4421,2872],"class_list":["post-19240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-ponzi-scams","tag-monex-grupo-financiero","tag-ponzi-scam"],"yoast_head":"\nMonex Grupo Financiero Customers Lose $40M | Investor Lawyers<\/title>\n<meta name=\"description\" content=\"Two customers of Monex Grupo Financiero are suing the company after they lost millions of dollars in an alleged Ponzi scam. 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