( NewsNation ) — Senior citizens are being cautioned once again regarding timeshare fraud in Mexico, with authorities suspecting cartel involvement in orchestrating the schemes to rob Americans.
The scam typically begins with owners being contacted by individuals who claim they know someone willing to buy them out of their timeshare. Eventually, owners are asked to wire money to an LLC, potentially linked to a cartel, for fees or taxes.
While initially it appears legitimate, the scammers disappear, leaving the owners without their money. Would asset seizure hurt Trump campaign? Authorities suspect one cartel in the Jalisco region, along Mexico’s west coast, is orchestrating this scheme. Incidents have been reported in Puerto Vallarta, which authorities deem a strategic stronghold, and Cancun, popular for its resorts and American timeshares.
The FBI’s Internet Crime Complaint Center received over 600 complaints from victims in 2022 alone, resulting in nearly $40 million in losses.Last year, the […]
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