Montevideo, July 17, 2025 (AFP) - Founder detained after Uruguay cow fund goes belly up

NAMPA / AFP

2025-07-18

An Uruguayan court on Thursday ordered pre-trial detention for the founder of a collapsed suspected Ponzi scheme that encouraged investment in cattle in a country with three times as many cows as people. Conexion Ganadera went belly up last year owing tens of millions of dollars to thousands of investors. A court ordered one of its founders, Pablo Carrasco, to be detained until February 10 next year while investigations continue into fraud and mo......

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