'A well mounted fraud', say investors of Grupo Peak, which declared 'bankruptcy'.
According to versions of former employees, the financial group, which described itself as a diversified investment portfolio with a presence in more than 19 Mexican states and a portfolio of over 250 million pesos, was nothing more than a well put together fraud. Each client entered the business with an investment of between 500 thousand to one million pesos,…
This article is available to Insider Pro subscribers only.Sign in or register to be an Insider Pro and access ALL LOCKED articles.
'A little bit of blood': Mississippi tech company settles welfare scandal suit
Santa Fe's 'mini-Madoff' to serve four years in federal prison on fraud charges
Advisor News
- Global economic growth will moderate as the labor force shrinks
- Estate planning during the great wealth transfer
- Main Street families need trusted financial guidance to navigate the new Trump Accounts
- Are the holidays a good time to have a long-term care conversation?
- Gen X unsure whether they can catch up with retirement saving
More Advisor NewsAnnuity News
- Pension buy-in sales up, PRT sales down in mixed Q3, LIMRA reports
- Life insurance and annuities: Reassuring ‘tired’ clients in 2026
- Insurance Compact warns NAIC some annuity designs ‘quite complicated’
- MONTGOMERY COUNTY MAN SENTENCED TO FEDERAL PRISON FOR DEFRAUDING ELDERLY VICTIMS OF HUNDREDS OF THOUSANDS OF DOLLARS
- New York Life continues to close in on Athene; annuity sales up 50%
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- PROMOTING INNOVATION WHILE GUARDING AGAINST FINANCIAL STABILITY RISKS SPEECH BY RANDY KROSZNER
- Life insurance and annuities: Reassuring ‘tired’ clients in 2026
- Reliance Standard Life Insurance Company Trademark Application for “RELIANCEMATRIX” Filed: Reliance Standard Life Insurance Company
- Jackson Awards $730,000 in Grants to Nonprofits Across Lansing, Nashville and Chicago
- AM Best Affirms Credit Ratings of Lonpac Insurance Bhd
More Life Insurance News