The United States Treasury Department imposed sanctions on Tuesday targeting accountants working with Mexican drug cartels to perpetrate timeshare fraud on Americans.
The sanctions are directed at three accountants and four Mexico-based real estate firms linked to the Jalisco New Generation drug cartel, according to CBS News.
The U.S. sanctioned other individuals tied to the criminal enterprise in April 2023 for a similar operation that targeted elderly Americans. The cartels con American tourists into paying for help with their timeshares in Mexico.
The operation employs scammers to reach out to Americans who own timeshares to convince them to sell or rent their properties. They request payment and then disappear after receiving money from unsuspecting Americans.
1/ Today, our Office of Foreign Assets Control (OFAC) sanctioned three Mexican accountants and four Mexican companies…
