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Puerto Vallarta-area timeshare was a cartel-run fraud engine, Treasury Department says
12 Articles
12 Articles
The U.S. Treasury Department, through the Office of Foreign Assets Control (OFAC), announced Thursday sanctions against the Kovay Gardens resort, as well as five Mexican citizens and 17 companies related to a timeshare fraud network allegedly linked to the Jalisco New Generation (CJNG) Cartel. According to the Federal Bureau of Investigation (FBI), approximately 6,000 U.S. victims have reported losses of nearly $300 million between 2019 and 2023…
U.S. Treasury Department sanctions a resort located in Riviera Nayarit for links with CJNG and participation in fraud scheme.
The Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department sanctioned for terrorism and drug trafficking this Thursday a new emporium of companies linked to the Jalisco Nueva Generación Cartel (CJNG) in the Riviera Nayarit that includes 5 individuals and 17 companies, including a resort of shared times. In addition, the Ministry of Finance of Mexico (SHCP), through the Financial Intelligence Unit (UIF), incorporated into the Lis…
The Government of Mexico, through the Ministry of Finance and Public Credit (SHCP), reported that it reinforced its actions against a network of fraud in shared time schemes linked to the Jalisco Nueva Generación Cartel (CJNG), in coordination with United States authorities. The measure took place after the Office of Foreign Assets Control (OFAC), under the U.S. Treasury Department, designated 24 subjects—five natural persons and 19 moral person…
The Ministry of Finance and Public Credit reported that, through the Financial Intelligence Unit and in coordination with U.S. authorities, it has strengthened its efforts against a timeshare fraud network allegedly linked to the Jalisco New Generation Cartel, according to a statement issued on February 19. As part of these measures, the U.S. Treasury Department’s Office of Foreign Assets Control designated 24 individuals for their alleged invol…
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