Jalisco New Generation Cartel, timeshare
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The Treasury Department is now warning current U.S.-based owners of timeshares and those considering the purchase of a Mexico-based timeshare, to conduct "appropriate due diligence."
The U.S. Treasury sanctioned four individuals and 13 companies tied to CJNG's timeshare fraud targeting elderly Americans.
The Treasury Department sanctioned four people and 12 companies in Mexico linked to a "brutally violent" cartel in timeshare fraud of a Puerto Vallarta resort.
The United States is sanctioning actors who perpetrated timeshare fraud schemes on behalf of Cartel de Jalisco Nueva Generación (CJNG), a Mexico-based Foreign Terrorist Organization (FTO) and Specially Designated Global Terrorist (SDGT).
The U.S. government imposed sanctions on Wednesday on individuals and companies based in or near Puerto Vallarta accused of running timeshare fraud schemes on behalf of Mexico-based Jalisco New Generation Cartel (CJNG).
The U.S. sanctioned four Mexican nationals and 13 Mexican companies for alleged fraud involving Puerto Vallarta timeshares.
The US Treasury has sanctioned Mexican companies and individuals linked to the Jalisco New Generation Cartel for defrauding elderly Americans in a timeshare fraud scheme. The action blocks American dealings with these entities,