{"id":487,"date":"2024-07-16T17:15:58","date_gmt":"2024-07-16T17:15:58","guid":{"rendered":"https:\/\/friscotimes.org\/?p=487"},"modified":"2024-07-16T20:44:12","modified_gmt":"2024-07-16T20:44:12","slug":"u-s-slaps-mexican-accountants-with-sanctions-for-timeshare-scams-supporting-drug-cartel","status":"publish","type":"post","link":"https:\/\/friscotimes.org\/?p=487","title":{"rendered":"U.S. slaps Mexican accountants with sanctions for timeshare scams supporting drug cartel"},"content":{"rendered":"\n
\n

WASHINGTON (AP) \u2014 The U.S. on Tuesday imposed sanctions on a group of Mexican accountants and firms allegedly linked to a timeshare fraud ring run by the\u00a0Jalisco New Generation drug cartel<\/a>.<\/p>\n

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Three accountants were hit with sanctions, along with four Mexican real estate and accounting firms. In addition, Treasury and the FBI issued a notice to banks with a reminder to be vigilant in detecting and reporting timeshare fraud perpetrated by Mexico-based transnational criminal organizations.<\/p>\n

Time share fraud targeting Americans results in tens of millions of dollars in losses annually. In 2022, the FBI\u2019s Internet Crime Complaint Center received over 600 complaints with losses of roughly $39.6 million from victims contacted by scammers regarding timeshares owned in Mexico.<\/p>\n

The new sanctions come\u00a0after the U.S. in April 2023 sanctioned members or associates<\/a>\u00a0of the Jalisco New Generation drug cartel for timeshare fraud that allegedly targeted elderly Americans.<\/p>\n

\u201cCartel fraudsters run sophisticated teams of professionals who seem perfectly normal on paper or on the phone \u2013 but in reality, they\u2019re money launderers expertly trained in scamming U.S. citizens,\u201d said Treasury Undersecretary Brian Nelson. \u201cUnsolicited calls and emails may seem legitimate, but they\u2019re actually made by cartel-supported criminals. If something seems too good to be true, it probably is.\u201d<\/p>\n

The FBI shares tips on how to avoid timeshare fraud: Be cautious of uninvited calls, texts, or emails from anyone interested in a timeshare. Be wary of high-pressure and time-sensitive offers that require an immediate response, research everyone you are in contact with, and contact offices independently to confirm that you\u2019re talking with a real company representative, and hire a real estate agent or lawyer you trust.<\/p>\n<\/div>\n

Recommended Newsletter: <\/strong>CEO Daily provides key context for the news leaders need to know from across the world of business. Every weekday morning, more than 125,000 readers trust CEO Daily for insights about\u2013and from inside\u2013the C-suite. Subscribe Now.<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

WASHINGTON (AP) \u2014 The U.S. on Tuesday imposed sanctions on a group of Mexican accountants and firms allegedly linked to a timeshare fraud ring run by the\u00a0Jalisco New Generation drug…<\/p>\n","protected":false},"author":133,"featured_media":488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[6],"tags":[820,826,825,819,821,823,818,824,822,668],"jetpack_publicize_connections":[],"yoast_head":"\nU.S. slaps Mexican accountants with sanctions for timeshare scams supporting drug cartel - Frisco Times<\/title>\n<meta name=\"description\" content=\"The Jalisco New Generation Cartel is run by "El Mencho," one of the most-wanted men in both the U.S. and Mexico.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/friscotimes.org\/?p=487\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. slaps Mexican accountants with sanctions for timeshare scams supporting drug cartel - 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