US EditionUS Sanctions Mexican Drug Cartel Associates Accused of Scamming Elderly Americans
The U.S. Treasury sanctioned four individuals and 13 companies linked to CJNG for defrauding nearly 6,000 Americans of $300 million through timeshare scams since 2012.
- The U.S. Treasury Department imposed sanctions on over a dozen Mexican companies and four individuals accused of scamming elderly Americans in a multimillion-dollar timeshare fraud scheme.
- These sanctions aim to prevent Americans from engaging in business with the cartel associates and block their assets within the U.S.
- From 2012, officials documented that $23.1 million was sent from mostly U.S. people to the scammers in Mexico through fraudulent timeshare schemes.
- U.S. President Donald Trump stated, "We will continue our effort to completely eradicate the cartels’ ability to generate revenue.
39 Articles
39 Articles
US sanctions Mexican companies tied to cartel-run timeshare scheme
Four Mexican people and 13 Mexican companies face new sanctions from the U.S. Department of the Treasury’s Office of Foreign Assets Control. They are accused of assisting in a timeshare fraud targeting Americans, led by the Cartel de Jalisco Nueva Generacion, referred to as CJNG. Timeshare fraud Officials said Mexican cartels targeted U.S. timeshare owners through call centers in Mexico, staffed with fluent English speakers. The CJNG took contro…
US sanctions cartel-affiliated timeshare scammers in Puerto Vallarta
As part of a major crackdown on timeshare fraud in Mexico linked to the Jalisco New Generation Cartel (CJNG), the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) on Wednesday sanctioned four Mexican nationals and 13 Mexican companies allegedly involved with fraud at resorts in Puerto Vallarta. The CJNG, a powerful drug trafficking cartel designated by the U.S. government as a foreign terrorist organization, allegedly leads the…
Treasury Sanctions Mexican Cartel Associates for Timeshare Scams Targeting Older Americans
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned multiple individuals and companies linked to a Mexican cartel for engaging in timeshare fraud targeting U.S. citizens, the department said in an Aug. 13 statement. “These complex scams often target older Americans who can lose their life savings. The lifecycle of these scams can last years, resulting in financial and emotional devastation of the victims,” the…
The U.S. Treasury Department sanctioned 4 Mexicans and 13 companies in Puerto Vallarta for operating a scheme of fraud in the sale of shared times, for the benefit of the Jalisco Nueva Generación Cartel (CJNG). The Office of Control of Foreign Assets noted that the CJNG, newly designated Foreign Terrorist Organization, uses these scams and illicit businesses -such as the huachicol - to diversify its income, in addition to drug trafficking. Accor…
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