Only last December, prominent Mexican stockbroker Eduardo Legorreta Chauvert was an honored dinner guest of President Carlos Salinas de Gortari. But these days Legorreta is a guest of the Reclusorio Oriente jail in Mexico City, where he has been held without bail since Feb. 14 on charges that he traded in bogus government treasury certificates, as well as other allegations of securities fraud. Legorreta, chairman of the go-go brokerage firm Operadora de Bolsa, is the government's biggest catch in a long-awaited crackdown on irregularities in the Mexican stock exchange, La Bolsa.
The topsy-turvy Mexican market posted the world's fastest run-up during...
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