
Sign up to save your podcasts
Or


In 2013, Homex was the largest real estate development company in Mexico. The Mexican government had pushed to increase the amount of affordable housing, and Homex had responded. It rapidly built homes in cities across Mexico, while investors made millions. But just one year later Homex was bankrupt, and under investigation by the SEC. It turns out that much of the company’s revenue was completely bogus. And the SEC had satellite images to prove it.
By Michael McLaughlin5
3636 ratings
In 2013, Homex was the largest real estate development company in Mexico. The Mexican government had pushed to increase the amount of affordable housing, and Homex had responded. It rapidly built homes in cities across Mexico, while investors made millions. But just one year later Homex was bankrupt, and under investigation by the SEC. It turns out that much of the company’s revenue was completely bogus. And the SEC had satellite images to prove it.