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.
34 Articles
34 Articles
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…
Following the sanction imposed by the U.S. government on four people and 13 Mexican companies linked to the time-sharing fraud led by the Jalisco Nueva Generación Cartel (CJNG), the Office of Foreign Assets Control (OFAC) of the Treasury Department announced who are the high-ranking members of this criminal organization involved in the scam.According to U.S. authorities, this criminal scheme is linked to the tourism industry and the business sec…
For more than 13 years, the C rtel Jalisco has maintained a scheme of fraud of shared times in Puerto Vallarta, Jalisco. As operates.
The u.s. Sanctions the Jalisco New Generation Cartel Network for Scamming Older Americans in Mexico.
The United States sanctioned four individuals and thirteen Mexican companies on Wednesday linked to a criminal network allegedly led by the Jalisco New Generation Cartel (CJNG) that was dedicated to defrauding U.S. citizens with vacation-share properties in…
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