U.S. sanctions Mexican drug cartel-linked companies over alleged timeshare fraud
“…And about 6,000 U.S. citizens reported losing nearly $300 million from 2019 to 2023 via Mexican timeshare fraud crimes by targeting American timeshare owners often in various or complex ways in years-long schemes, according to the FBI, adding that totals what they can track legally as unreported crimes keep on.
Treasury points at four companies in Mexico: Constructora Sandgris, Pacific Axis Real Estate, Realty & Maintenance BJ and Bona Fide Consultores, which the department claims were the front companies doing business on behalf of those linked to Mexican drug cartel…”