From Chapala.com: “Protections here in Mexico are nowhere near the US. Here people that were selling potato chips the other week are now selling investments and banking products with no licensing required. They are berated and their jobs in danger if they don´t sell the products and if they do then earn good commissions while only reciting the official blurb and having little to no investment experience. Fraud and theft is very common and the banks will not give you records or video unless forced to and often take unreasonable positions. Only place in a Mexican institution what you can afford to lose as if you need to go after them it can be a very long and expensive process. Trust nobody with your money. In the US people can lose jobs and go to jail, or lose professional licenses so they have incentives to be honest.
Be concerned about the return OF your money not the return ON it.”
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This article appeared on TheGuardian.com The original article can be read here. The Guardian.Com Post: Mexico presidential runner-up alleges money laundering in election López Obrador accuses president-elect Peña Nieto of using illicit funds and money laundering to finance his campaign.