Bloomberg Businessweek

A Fight Over Missing Money

• Two American brothers want to hold a Mexican bank responsible for an employee’s alleged theft
• Jim Karger

Monex Grupo Financiero may wish that it had never done business with Jim and Ken Karger. The American brothers, who’re among a slew of expatriate investors who say they were ripped off, are doing what few in Mexico dare: taking on a bank in the nation’s courts.

About this time last year, more than 50 retirees in San Miguel de Allende, most of them American, found their Monex savings and brokerage accounts

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