Just one telephone call or waiting a few seconds too late to sign up with the Registro Mercantil were enough to undo Gowex. Analysts from Gotham said that Gowex's biggest client is itself. The company propped up its business through ghosts clients, and nobody did enough due diligence when the company joined the MAB.
Gowex CEO Jenaro García attributed their sales to companies that he set up to be run by frontmen. García should explain what happened. Also, Credit Suisse should figure out why they missed this when they vetted Gowex, because the bank creditor bank has a responsibility to inform its clients if it recommends that they buy shares of a stock.
