Visits
The investment community warns of constant scams from the firm that presents irregularities in its creation and the unknown location of its offices
Omar Montalvo
Mexico City. – Among companies that provide financial investment services Something Global Sapihas remained the last year as one that generates constant complaints for alleged cheats towards people who sought to invest their savings. This firm is in the crosshairs of the investment community since it lacks regulation, in addition to irregularities in its formation.
During the last year, complaints against the company increased Something Global and in recent months people who in good faith decided to invest in the financial company, reported being victims of fraud in the company owned by Antonio Córdova, Israel Mancilla Flores and Juan Carlos Morales, which is promoted as one with low losses with a maximum of 30 percent.
According to Luis R., a national investor with experience in the field, one of the first alerts of potential fraud is that “almost anything that has the word global in its name” is a scam. In addition, SAPIs are not allowed to raise capital or offer investments, there are few exceptions.
This warning is due to the fact that the Investment Promotion Companies (SAPI), according to Mexican laws, are prohibited from raising money, since for that, a company must be constituted as a bank with its due authorization in the System of Financial Services Providers (Sipres) of the National Commission for the Protection and Defense of Users of Financial Services (Condusef)but the company does not appear on said platform.
In addition to lacking registration, Algo Global presents irregularities in its contact information, since it provides a number originally from Texas, but the address of its alleged offices corresponds to a desert property in Belize.
