In one of Uruguay's largest retail investor fraud cases, hundreds of investors who believed they had purchased cattle have found that they own few, if any. Allegations have emerged against cattle ranchers, who are accused of running a Ponzi scheme that has resulted in approximately $300 million going missing. This money belonged to thousands of small investors, often referred to as 'mom and pop' investors. The situation has raised significant concerns about the integrity of investment practices in the country's cattle industry.