Phantom Cows Cost Investors $350 Million in Massive Scam

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Phantom Cows Cost Investors $350 Million in Massive Scam

newsweek.com/uruguay-350m-phantom-cows-fraud-2074054

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Thousands of Uruguayan investors have together lost an estimated $350 million after sinking their savings into fraudulent "cow bonds," according to a report by Reuters following its investigation into the groundbreaking scam.
Newsweek has…

This story appeared on newsweek.com, 2025-05-19 14:14:48.