Skip to comments.American retirees in Mexico say their life savings vanished from a Mexican bank
Posted on 09/29/2019 9:49:36 AM PDT by aimhigh
NBC News spoke to nine American families who say Marcela Zavala Taylor, a former banker with Grupo Financiero Monex, had gained their trust only to disappear after they discovered money had gone missing from their personal accounts. These families, whose estimated losses total more than $7 million dollars, all say they were blindsided by what had happened.
(Excerpt) Read more at nbcnews.com ...
Buyer beware. Just think of the Rats and our IRA’s.
Welcome to Mexico.
$heesh. Go figure.
And the rats want them all here.
Stuff happens when one leaves America to live with crooks, aka Mexicans in Mexico/
Even if I lived there, I wouldn’t keep my money in a Mexican bank. I’d have a local account with just enough to cover three months’ worth of living expenses, and wire more into it from abroad as required.
These people were foolish.
It is not paranoia when they are out to get you!
Stupid people..when in another country one should never let their guard down.
Just think of it as reparations in action.
Why wasn’t this BOMBSHELL/EXPLOSIVE/BREAKING? Move to mexico they said. You’ll love it they said. No more shoveling snow they said. The people are honest and hard working they said.
Mas dinero por favor.
They had to have given her signature authority over their accounts. There aren’t many people I know that I would trust with that responsibility.
Its not that far from San Miguel to Queretaro. They should have just made the trek once a month themselves. Good grief.
Beaners rip-off Gringos all day long...
But the advice at the end is right. Don’t put your eggs all in one basket. Only use the well-known banks, and keep your main bundle in a US or Canadian bank.
Bernie’s wealth registry comes to mind.
Mexico is a foreign country, and their ethics do not necessarily parallel those in this country. Seeking redress may be a hopeless task, as “money managers” there are subject to a whole different range of regulations and pressures, not all of which are merely financial.
Swindling rich naive Yanquis is considered an art form.
Kidnapping is a real issue there. If you have a large amount of money in a local bank, beyond a few thousand, the wrong people are going to know it. If for some reason you can’t keep your main bundle in the US, at least keep it outside Mexico, or whatever third-world country you are residing in. Don’t be a target. Your private finances may not be as private as you think.
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