A retired law enforcement officer and veteran lost $900,000 after he answered a call from a company that told him they could help sell his Lake Tahoe timeshare property.
The call came from a call center in Mexico run by the Jalisco New Generation Cartel, and the veteran’s story isn’t an isolated incident.
The FBI reported a significant increase in scams targeting timeshare owners last year. The cartel-backed fraud continues to ensnare Americans, especially elderly residents with timeshare property in Mexico.
“Timeshare fraudsters aim to suck their victims dry, with devastating consequences to victims’ financial futures, relationships, and physical and emotional health,” said Assistant Special Agent in Charge Paul Roberts, who leads FBI New York’s Complex Financial Crimes Branch.
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Author: Marty Kaufmann
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