U.S sanctions Mexican accountants and firms over cartel-linked timeshare scams
5 months, 1 week ago

U.S sanctions Mexican accountants and firms over cartel-linked timeshare scams

LA Times  

The U.S. on Tuesday imposed sanctions on a group of Mexican accountants and firms allegedly linked to a timeshare fraud ring run by the Jalisco New Generation drug cartel. World & Nation Mexico extradites son of powerful cartel leader to face U.S. charges Mexico extradited the son of the leader of the Jalisco New Generation Cartel to face drug charges in the United States, leading to fears his gang may stage retaliations. The new sanctions come after the U.S. in April 2023 sanctioned members or associates of the Jalisco New Generation drug cartel for timeshare fraud that allegedly targeted elderly Americans. “Cartel fraudsters run sophisticated teams of professionals who seem perfectly normal on paper or on the phone — but in reality, they’re money launderers expertly trained in scamming U.S. citizens,” said Treasury Undersecretary Brian Nelson.

Fraud Cartel Mexico Fbi Timeshare Mexican Real Timeshare Fraud  mexican  real  generation  fraud  jalisco  treasury  firms  timeshare  cartel  theyre  accountants  drug  scams  cartellinked  sanctions

History of this topic

US says Mexican drug cartel was so bold in timeshare fraud that some operators posed as US officials
1 year ago

US says Mexican drug cartel was so bold in timeshare fraud that some operators posed as US officials

Associated Press  

MEXICO CITY — A Mexican drug cartel was so bold in operating frauds that target elderly Americans that the gang’s operators posed as U.S. Treasury Department officials, U.S. authorities said Thursday. The agency has been chasing fraudsters using call centers controlled by the Jalisco drug cartel to promote fake offers to buy Americans’ timeshare properties. “For example, perpetrators may call …

US sanctions Mexican resort timeshare fraud linked to cartel
1 year, 7 months ago

US sanctions Mexican resort timeshare fraud linked to cartel

Associated Press  

MEXICO CITY — The U.S. Treasury Department announced sanctions Thursday against members or associates of the Jalisco New Generation drug cartel who apparently went into a side business of timeshare fraud that allegedly targeted elderly Americans. The gang inspires so much fear in Mexico it is often simply referred to as “the four letters.” The Treasury Department’s Office of Foreign …

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