FraudNet member for ||Uruguay||, Alfredo Taullard of ||Hughes & Hughes, Montevideo||, was featured in an article in the Uruguayan newspaper La República regarding the decision of the Central Bank of Uruguay, decided on September 17th, to cancel all activities of Openworld Sociedad de Bolsa SA and withdraw its operating license. The decision was made weeks after a preventive suspension was decided on July 9th based on an investigation filed by Association Pro Credit, a Bolivian based financial institution. The fraud uncovered by Asociacion Pro Crédito (represented by Fraudnet members Hughes & Hughes) involved creditors in several jurisdictions and amounts estimated in over USD 50 million. Click to read the article (Spanish).