The department said the entities send time share funds to Mexican drug cartels.
The Department of the Treasury has sanctioned four Mexican nationals and 12 Mexican companies for alleged timeshare fraud in Puerto Vallarta. The Treasury further alleged that the 16 sanction targets were using these fraudulent timeshares to supplement local drug cartels, which the department called and “increasingly” common tactic for cartel funding.
“We are coming for terrorist drug cartels like Cartel de Jalisco Nueva Generacion that are flooding our country with fentanyl,” Treasury Secretary Scott Bessent stated. “These cartels continue to create new ways to generate revenue to fuel their terrorist operations. At President Trump’s direction, we will continue our effort to completely eradicate the cartels’ ability to generate revenue, including their efforts to prey on elderly Americans through timeshare fraud.”
The agency directed current timeshare owners based in the United States to refer to the FBI’s timeshare fraud resource page to learn how this tactic can take advantage of potential buyers.
“If an unsolicited purchase or rental offer seems too good to be true, it probably is,” the Treasury stated. “Those considering the purchase of a timeshare in Mexico should conduct appropriate due diligence.”
As the Lord Leads, Pray with Us…
- For Secretary Bessent to be discerning as he assesses the leverage of sanctions on hostile foreign actors.
- For Treasury Department officials as they work to hinder the flow of financial support to cartels and protect the elderly from scams and fraud.
Sources: UPI News, Fox News
