Treasury Sanctions Mexican Cartels for Time-Share Fraud 

Scam proceeds financed fentanyl trafficking. 

The Office of Foreign Assets Control in the Department of the Treasury sanctioned eight Mexican companies and three members of the Jalisco Cartel for their part in a timeshare fraud that targeted Americans in and near Puerto Vallarta, Jalisco, Mexico. 

A Treasury official said, “As CNJG [the cartel] has consolidated territory over the past decade, it has added other crimes to its core activity of drug trafficking. In tourist destinations such as Puerto Vallarta, CJNG has become heavily engaged in timeshare fraud which often targets U.S. citizens. This crime, which can defraud victims of their life savings, results in another significant revenue stream for the cartel and strengthens its overall criminal enterprise. 

“Today’s action exposes this CJNG scheme and also serves as a warning to potential victims, many of whom are elderly.” 

The Treasury Department has also sanctioned Sinaloa Cartel members, several Mexican nationals, and six Mexico-based entities for their involvement in methamphetamine and fentanyl trafficking. 

As the Lord Leads, Pray with Us…

  • For officials in the Office of Foreign Assets Control as they work to prevent fraud against U.S. citizens.
  • For Secretary Yellen to seek God’s wisdom as she heads the Treasury Department.
  • For American travelers to be discerning about their investments and purchases.

Sources: Just The News, CNN 


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