"¡Yyyyyyyyyy es ido!"
Buyer beware. Just think of the Rats and our IRA’s.
Welcome to Mexico.
$heesh. Go figure.
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.
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.
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.
Mexico’s identifying attribute is corruption. It permeates every facet of their society.
Hey, amigos, you are in a FOREIGN banana republic country corrupt as all get out and run by drug cartels. I guess it isn’t all margaritas and salsa dancing there, huh?
Give it a day or so and the someone in the media will twist this as Trump’s fault.
How sad, but a lesson to others.
I’ve heard that many expats keep their money in an American bank.
If you really want to retire in another country, please have your eyes wide open.
There are other pitfalls in Mexico too. I’ve heard that Mexico has laws placing big restrictions on property ownership by foreigners. Property rights in Mexico just don’t work the same way as in America. Again, buyer beware and know what you are getting into.
And who knows about the future, with the drug cartels having so much power in Mexico. If there is ever a revolution in Mexico, and the government is overthrown, then all bets are off anyway.