The Office of Foreign Assets Control (OFAC) of the US Treasury Department sanctioned a timeshare fraud network allegedly led by the Jalisco New Generation Cartel (CJNG) in Nayarit.
Reports indicate that for decades, Mexican cartels have targeted US citizens, offering them vacations in Puerto Vallarta, Jalisco, and the surrounding area, known as Banderas Bay, through call centers staffed by fluent English-speaking operators.
As part of the diversification of illicit activities by criminal organizations, this vacation model has been implemented to bolster their revenue streams beyond drug trafficking.
The CJNG, led by Nemesio Oseguera Cervantes, alias “El Mencho”, is identified as one of the most powerful and violent criminal organizations that have expanded their activities to include fuel theft, extortion, timeshare fraud, among others.
