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success achieved with the
Rayados, Ábaco also sponsored the Mexican Soccer Team, making them train on the soccer fields of Cerrito, home of the Rayados de Monterrey. For his business leadership and for contributing to the development of the community, the Monterrey Chamber of Commerce awarded him the "Pedro Maiz Arsuada" award in December 1992 (El Norte December 26, 1992). Among other things, thanks to his sponsorship, The First Major League Baseball Series outside the United States and Canada was held in Monterrey from August 16 to 18, 1996, between the New York Mets and the San Diego Padres. Lankenau Rocha was one of the first Mexicans entrepreneurs to appear on the cover of The Wall Street Journal in 1996. The American newspaper dedicated a cover story to him, on which the management style, strategy, and structure of Grupo Financiero Ábaco was described as positive and surprising (
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but was imprisoned in Topo Chico on
November 17, 1997, and served for 8 years, due to charges of fraud, tax evasion, and crimes established in the (Mexican Credit Institutions Law). On December 25, 2005, he was released after paying $ 53 million MXN. In December 2003, he was granted a judicial pardon from 113 of the 250 plaintiffs. He was pursued by 48 different charges, but was found not guilty of each and every one.
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businessman from
Monterrey started an ambitious growth plan based on an aggressive marketing strategy and innovative marketing. Soon the green logo of Confía invaded billboards, pages of newspapers and magazines, television screens, soccer stadiums, baseball and even tennis courts. Banca Confía was the institution with the greatest growth during those years, reaching 300 branches by the end of 1992.
70:. He was also the former head of Abaco Grupo Financiero, he was the owner of Agua Sport, one of the largest water companies in Mexico, of its Mexican banking unit, Banca Confía, of the investment bank "Rodman y Renshaw" (headquartered in Chicago, Illinois), and of ABA Sport, a sportswear brand (the name was based on its insurance company) that sponsored
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On
November 17, 1997, Lankenau Rocha appeared at Topo Chico Penitentiary in Monterrey to testify for a fraud claim concerning offshore operations, also known as investments in "tax havens", and the authorities awaited him with an arrest warrant. He was initially kept under house arrest in Monterrey,
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In addition to his business success, Lankenau Rocha was a great promoter of sports, art, culture, and recreation. He acquired the Club de Futbol
Rayados de Monterrey, of which he served as president from 1991 to 1998, making him one of the prominent teams in the Mexican Soccer League. Thanks to the
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With the reprivatization of the
Mexican Bank in 1991, Lankenau Rocha, along with a group of investors, won the auction to acquire Banca Confía on April 4. August 1991, becoming the first Bank awarded to investors from Nuevo León (El Norte, January 28, 1992). After the acquisition of Confía, the
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After suffering a stroke in
September 2009, Lankenau Rocha died on June 16, 2012, at the age of 68, leaving a mark on Mexican business, culture, and sports. (El Norte, June 17, 2012).Lankenau was arrested on August 30, 1997 on suspicion of defrauding 250 people of a total of
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to serve as material for discussion in classes on July 29, 2011. This case describes the formation of the group, its growth, and its strategy. (Tec de
Monterrey, Grupo Financiero Ábaco CO2-06-007).Lankenau owned Agua Sport, one of the biggest water companies in Mexico.
59:(16 April 1944 – 16 June 2012) was a Mexican banker and businessman born in Monterrey, Nuevo León. He was founder and president of Grupo Financiero Abaco, one of the most important financial groups in Mexico in the 1990's.
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on
November 17, 1997 and held there for 8 years, on charges of fraud, tax evasion, and offenses under the Mexican Ley de Instituciones de Crédito (Credit Institutions Act). On December 25, 2005 he was freed after paying
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James F. Smith (1997-12-07). "Banking on Change; Recent scandals have sparked suspicions about Mexico's financial reforms. As the thirst for credit grows, rebuilding the industry is seen as essential".
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53 million. In
December 2003, he was granted a judicial pardon by 113 of the 250 complainants. He was tried on 48 different charges but was found innocent of every single one.
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Jorge Lankenau Rocha serve as director of several banking institutions before establishing his own financial group. He was representative and vice president in Monterrey of
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in 1984 and a year later, in 1985, with a group of investors, founded Casa de Bolsa Abaco. He owned one of the largest insurance companies in Mexico:
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En los Rayados y en el futbol mexicano, Lankenau, quien nació en Monterrey el 16 de abril de 1944...
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The history of the Ábaco Financial Group was captured in a case study by the
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267:"Huyeron ya de NL 4 implicados en el caso Abaco, afirman afectados"
205:"Libre, ex banquero Jorge Lankenau Rocha tras ocho años de prisión"
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Instituto Tecnológico y de Estudios Superiores de Monterrey
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170 million. He was initially kept under house arrest in
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162:(in Spanish). Reforma. 17 June 2012
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223:"Perfil de Jorge Lankenau Rocha"
265:David Carrizales (1997-09-06).
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235:. 2005-12-23. Archived from
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211:(in Spanish). 2005-12-25.
193:(in Spanish). 1997-08-30.
366:Business biography stubs
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100:The Wall Street Journal
156:"Muere Jorge Lankenau"
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57:Jorge Lankenau Rocha
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233:Mexico City
166:8 September
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68:ABA Seguros
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272:La Jornada
209:La Cronica
190:La Jornada
143:References
128:Topo Chico
124:Monterrey
72:Rayados
49:Mexican
160:Cancha
84:Chivas
80:Santos
297:stub
168:2014
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