This site was created to curate the numerous online documents surrounding irregularities with Banco Monex. We hope this compilation of information makes your own research easier.

Past Allegations Against Banco Monex

Numerous Articles Point Out Irregularities

Allegations of past criminal deeds did not originate with the fraud at Banco Monex in San Miguel de Allende. There are multiple sources outlining nebulous irregularities going back years. As our own research finds more of these articles, we will post them here.

It is our goal to give you all available tools to help you perform your own due-diligence. 

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.”

Articles Found

Click to read the entire article including original links back to the source.

Background

The Republic Of Drugs 1

This is the English translation of an article published  on the website “Sin Embargo”. A link to the original article is here. PART ONE: Monex, linked to the money laundering in Wachovia, to the Yarrington case, to Zhenli Ye Gon

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Background

The Republic Of Drugs 2

This is the English translation of an article published  on the website “Sin Embargo”. A link to the original article is here. PART TWO: The files that link Monex to the money laundering of international organized crime The Inspection Unit

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Background

The Republic Of Drugs 3

This is the English translation of an article published  on the website “Sin Embargo”. A link to the original article is here. PART Three: Monex, the foundation of an empire; the party of frauds and the long criminal history It

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History

Mexican Banker Surrenders Property

This article appeared in ExpressNews.Com The original article can be read here. Express News Post: Banker Surrenders Property A Mexican banker accused of stealing tens of millions of dollars from his depositors has agreed to turn over 19 pieces of

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History

Monex & Loss Of Prestige

This is the English translation of an article published  on the website “Sin Embargo”. A link to the original article is here. The IFE: Monex and the loss of prestige More than that today the Federal Electoral Institute (IFE) imposes

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History

Presidential Elections & Money Laundering

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.

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History

Sanctions For Lack Of Transparency

This article appeared in TropicalDaily.com & ElUniversal.com.mx The original article can be read here. El Universal Post: They sanction banks for not being transparent ?? The highest fine imposed by the Bank Of Mexico was 52 thousand pesos. So far

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