The United States is sanctioning individuals and companies allegedly operating timeshare frauds to benefit a Mexican drug cartel.
The U.S. Treasury Department says the four individuals and 13 companies are associated with the Jalisco Nueva Generación Cartel, one of the Mexican drug cartels the Trump administration earlier this year designated as a foreign terrorist organization.
The individuals and businesses are accused of being involved in timeshare fraud to generate revenue for the criminal organization.
The now-sanctioned businesses include real estate companies and tour operators based in Puerto Vallarta, Jalisco, a popular tourist destination on the Pacific coast.
Approximately 6,000 U.S. citizens were victims of timeshare fraud in Mexico between 2019 and 2023, according to the FBI.
