‘Cow Bond’ Scheme Collapse Shakes Uruguay’s Financial Sector

A ‘cow bond’ investment scheme in Uruguay has collapsed, marking one of the country’s largest financial scandals and affecting thousands of investors to the tune of $350 million. The scheme, run by companies like Conexión Ganadera and República Ganadera, promised fixed returns by allowing investors to buy cattle that would be raised and sold for profit. However, many investors found that the cattle they owned either did not exist or were untraceable in official records. Legal investigations into allegations of fraud and mismanagement are ongoing as affected investors seek justice and recovery of their losses.