"Mexican Cartel Timeshare Scam Hooks Thousands of Americans"

1 min read
Source: USA TODAY
"Mexican Cartel Timeshare Scam Hooks Thousands of Americans"
Photo: USA TODAY
TL;DR Summary

Thousands of Americans, including many elderly individuals, have fallen victim to a sophisticated timeshare scam orchestrated by the Jalisco New Generation Cartel in Mexico. The cartel's telemarketing scheme, which has become a lucrative business venture, involves convincing timeshare owners to pay various fees and taxes in exchange for selling their properties, ultimately resulting in substantial financial losses for the victims. The cartel's operations have evolved to include elaborate tactics, such as posing as government investigators and creating fraudulent legal proceedings, leading to millions of dollars being wired to Mexican bank accounts. Despite ongoing FBI investigations and U.S. government sanctions, the cartel's timeshare fraud continues to exploit vulnerable individuals, with little accountability for those involved in the criminal enterprise.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

9 min

vs 10 min read

Condensed

94%

1,839118 words

Want the full story? Read the original article

Read on USA TODAY