Jorge Lankenau
Encyclopedia
Jorge Lankenau Rocha was a Mexican
banker and a successful businessman. He owned one of the largest Insurance Company in Mexico: Aba Seguros. He is also the former head of Abaco Grupo Financiero and its bank unit, Banca Confia, in Mexico
. He owned an investment bank "Rodman and Renshaw" with its headquarters in Chicago, Illinois. Mr. Lankenau was a great promoter of sports. He sponsored the Mexican National Soccer team for twelve years as well as the Guatemala National Team. He sponsored many local teams of Mexico including, Chivas, Cruz Azul, Tigres, Atlas, and Santos, among others. He also sponsored the Monterrey Sultanes, a local baseball team.
Lankenau owned Agua Sport, one of the biggest water companies.
Lankenau was arrested on 1997-08-30 on suspicion of defrauding 250 people for a total of USD
170 millions. He was initially kept under house arrest in Monterrey
, but was imprisoned in Topo Chico on 1997-11-17 and held there for 8 years, on charges of fraud, tax evasion, and offences under the Mexican Ley de Instituciones de Crédito (Credit Institutions Act). On 2005-12-25 he was freed, after paying MXN
53millions. In December 2003, he was granted a judicial pardon by 113 of the 250 complainants. He was trailed for 48 different charges but was found innocent for every single one.
The alleged fraud involved the use of off-shore banking tax havens in the Cayman Islands
and Paraguay
.
Lankenau was the chairman of the CF Monterrey football team, until his arrest.
Mexico
The United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of...
banker and a successful businessman. He owned one of the largest Insurance Company in Mexico: Aba Seguros. He is also the former head of Abaco Grupo Financiero and its bank unit, Banca Confia, in Mexico
Mexico
The United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of...
. He owned an investment bank "Rodman and Renshaw" with its headquarters in Chicago, Illinois. Mr. Lankenau was a great promoter of sports. He sponsored the Mexican National Soccer team for twelve years as well as the Guatemala National Team. He sponsored many local teams of Mexico including, Chivas, Cruz Azul, Tigres, Atlas, and Santos, among others. He also sponsored the Monterrey Sultanes, a local baseball team.
Lankenau owned Agua Sport, one of the biggest water companies.
Lankenau was arrested on 1997-08-30 on suspicion of defrauding 250 people for a total of USD
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
170 millions. He was initially kept under house arrest in Monterrey
Monterrey
Monterrey , is the capital city of the northeastern state of Nuevo León in the country of Mexico. The city is anchor to the third-largest metropolitan area in Mexico and is ranked as the ninth-largest city in the nation. Monterrey serves as a commercial center in the north of the country and is the...
, but was imprisoned in Topo Chico on 1997-11-17 and held there for 8 years, on charges of fraud, tax evasion, and offences under the Mexican Ley de Instituciones de Crédito (Credit Institutions Act). On 2005-12-25 he was freed, after paying MXN
Mexican peso
The peso is the currency of Mexico. Modern peso and dollar currencies have a common origin in the 15th–19th century Spanish dollar, most continuing to use its sign, "$". The Mexican peso is the 12th most traded currency in the world, the third most traded in the Americas, and by far the most...
53millions. In December 2003, he was granted a judicial pardon by 113 of the 250 complainants. He was trailed for 48 different charges but was found innocent for every single one.
The alleged fraud involved the use of off-shore banking tax havens in the Cayman Islands
Cayman Islands
The Cayman Islands is a British Overseas Territory and overseas territory of the European Union located in the western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac, and Little Cayman, located south of Cuba and northwest of Jamaica...
and Paraguay
Paraguay
Paraguay , officially the Republic of Paraguay , is a landlocked country in South America. It is bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest. Paraguay lies on both banks of the Paraguay River, which runs through the center of the...
.
Lankenau was the chairman of the CF Monterrey football team, until his arrest.