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Mexican Cartel is Scamming Thousands of Americans into Fake Timeshares

According to a recent article, a U.S. government investigation has reported that thousands of Americans, many of them elderly, have have become victim to a complex scheme involving one of Mexico’s most violent cartels.  The cartel network, more commonly known as the Jalisco New Generation Cartel (CJNG), started its timeshare fraud business in Puerto Vallarta and has now taken over the Cancún timeshare market as well.  The article states that the criminal enterprise expanded the fraud network to at least two dozen call centers that contact U.S. owners of property in those two cities, as well as other areas popular with North American retirees, including Acapulco.

The U.S. Treasury Department has sanctioned 40 Mexican companies associated with the Jalisco cartel and its telemarketing scam. But unfortunately few people have been arrested. Over the past 5 years, the FBI has allegedly received an average of 1,400 complaints per year, related to timeshare fraud from Mexico.  And more people are reporting timeshare fraud every year.

 

Rich Folk
rich@tscompliance.com


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