Americans warn

First on Fox: Treasury approved a personal network related to “brutal violence” cartels, hundreds of millions of dollars Timeshare Fraud Fox News Digital targets Americans among Americans in popular tourist destinations in Puerto Vallata, Mexico.

Ministry of Finance is now warn Existing U.S. timeshare owners and those considering purchasing Mexican timeshares for “proper due diligence.” Officials warn that these scams are often targeted Older American Who will waste their life savings?

Cruel and violent Mexican cartels exhaust Americans’ lives for complex scams

The Treasury’s Office of Foreign Assets Control has imposed sanctions on four Mexican individuals and 13 Mexican companies linked to timeshare fraud led by Cartel de Jalisco Nueva’s CJNG. The individuals associated with the fraud are located in or near Puerto Vallata.

“We come to the Cartel de Jalisco nueva Generacion, which has flooded our country with Fentanyl,” Treasury Secretary Scott Bessent said in a statement. “These cartels continue to create new ways to generate income to fuel their terrorist actions. In the direction of President Trump, we will continue to work to completely eliminate the cartels’ ability to generate income, including their efforts to prey on older Americans through timeshare fraud.”

The three senior CJNG members who were initially involved in timeshare fraud on Wednesday were Giulio Cesar Montero Pizin (Montero), Carlos Andres Rivera Varela (Rivera) and Francisco Javier Gudino Haro (Gudino).

In addition, Michael Ibarra Diaz Jr., a native of Puerto Vallarta, was also subject to sanctions. The Ministry of Finance said Ibara “represented CJNG in timeshare fraud.”

Approved companies are Akali Real Estate Agents, Centro Mediador de la Costa, Sa de CV, Corporativo Integral de la Costa, Sa de Cv, Corporativo Costa Norte, Sa de CV and Sunmex Travel, S. De rl de CV, they “clearly acknowledge their involvement in the industry of time history.”

Another company that approved the time-sharing transactions was TTR GO, which they claimed were only travel agencies.

Three other companies have been approved for their so-called real estate activities: Inmobiliaria Integral del Puerto, Sa de Cv, Kvy Bucerias, Sa de CV and Servicios Inmobiliarios Ibadi, Sa de CV

“This diverse network of companies also includes tourism operators (fishing is US, S. Derlde CV; Santamaria Cruise, S. Derlde CV), an automotive service company (Laminado Professional Professional Automotriz Elte, sa de CV) and an accounting firm (please consult Almida almida almida almida almida almida almida almida almida almida almida almida almida de cc).

Cartel de Jalisco Nueva Generacion is a designated foreign terrorist organization in the United States. Officials say the cartel is increasingly supplementing its drug trafficking proceeds, as well as alternative income streams such as timeshare fraud and fuel theft.

Accommodation in Puerto Vallarta is a great opportunity to absorb the region’s culture, sunshine and food. (Fox News/Alex Vros)

“The Ministry of Finance has taken a series of actions targeting various revenue streams to benefit the cartels, including fuel theft, human smuggling, ransomware and fraud,” the Ministry of Finance said. “As the Ministry of Finance and its partners try to undermine the cartel’s revenue stream, it is important to remind current owners of the time-sharing anesthesia in Mexico: If uninvited purchase or lease offers seem too good to be true.”

“Those who are considering purchasing timeshares in Mexico should conduct proper due diligence,” the Ministry of Finance added.

FBI warns Mexican cartels targeting Americans in timeshare fraud scheme

Officials say Mexico-based Cartels has been targeting Mexico’s call centers, which are composed of fluent English-speaking sales staff.

Officials said that since 2012, CJNG has controlled timeshare fraud schemes in Puerto Valata, Mexico, Mexico and surrounding areas.

Officials warn that these scams often target “people who may lose their live savings”, adding that the life cycle of scams can “last year, leading to economic and emotional destruction of the victims while enriching cartels like CJNG.”

Tropical resorts are popular with Americans and have no long-term “range” for cartel killers: “Rules have changed”

Officials say the cartels usually get information about Mexican timeshare owners from “complice insiders of timeshare resorts.”

“After obtaining information about timeshare owners via phone or email, the cartel contacted the victim through its call center and claimed to be a third-party timeshare broker, attorney or sales representative in the timeshare, travel, real estate or financial services industries,” the Treasury Department said.

Illustration of time-sharing medical properties (Kurt “Cyberguy” Knutsson)

Officials explained that fraud could include timeshare export scams, resale scams, timeshare rental scams and timeshare investment scams.

“The common theme is to ask victims to pay upfront and taxes before receiving the money they allegedly owed them.” “The money will never come, and victims constantly tell the victims to send these ‘fees’ and ‘taxes’ to accounts of Mexican banks and brokerage firms via international wire transmission.”

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After the initial scam, officials warned that “a redigital scam could occur.”

In July 2024, the Finance Department’s Financial Crime Enforcement Network and the Federal Bureau of Investigation (FBI) issued a joint notice on timeshare fraud related to Mexican cartels and criminal organizations.

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Within six months of that notice, FinCen received more than 250 suspicious activity reports, with the filer reporting about 1,300 transactions totaling $23.1 million, mainly $23.1 million sent to Mexican counterparties from individuals in the United States.

According to Fincen’s analysis, U.S. fraud victims have sent a median of $10,000 per transaction to suspicious scammers since July 2024.

The FBI said about 6,000 U.S. victims lost nearly $300 million to Mexico’s timeshare fraud scheme between 2019 and 2023. But officials said the figure “maybe underestimates the total loss because the FBI believes that the vast majority of victims did not report scams for reasons such as embarrassment.”