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Timeshare Fraud

All articles tagged with #timeshare fraud

world5 months ago•9 min saved

US Sanctions Target Mexican Cartel and Timeshare Fraud Schemes

The U.S. Department of the Treasury has sanctioned four Mexican individuals and 13 companies linked to timeshare fraud in Puerto Vallarta, Mexico, which is controlled by the violent CJNG cartel. These schemes target U.S. victims, especially the elderly, through complex scams involving false offers and impersonations, generating significant revenue for CJNG, which also engages in drug trafficking and other illicit activities. The sanctions aim to disrupt CJNG's diverse revenue streams and protect U.S. citizens from fraud.

via U.S. Department of the Treasury (.gov)|

#cjng #mexico #timeshare-fraud

scam1 year ago•9 min saved

"Mexican Cartel Timeshare Scam Hooks Thousands of Americans"

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.

via USA TODAY|

#fbi-investigation #jalisco-new-generation-cartel #mexican-cartel