The United States Department of the Treasury sanctioned three Mexicans and 13 Mexican companies for being linked to the timeshare fraud run by the Jalisco New Generation Cartel (CJNG) in Puerto Vallarta, Jalisco.
The criminal organization uses extreme violence and intimidation to control the timeshare network. Additionally, they target elderly American citizens to take away their life savings, the statement said.
“The CJNG cartel, a major trafficker of narcotics including illicit fentanyl into the United States, generates significant revenue for its multifaceted criminal enterprise through its time-sharing fraud network,” said Treasury Secretary Janet L. Yellen. .
The Treasury Department referred to the previous sanction that occurred on March 2, 2023, where eight Mexican companies linked to the CJNG timeshare fraud activities were sanctioned. Later, on April 27, seven other Mexicans were sanctioned, including Eduardo Pardo Espino, along with 19 companies in the country.