The FBI is warning of a spike in scams targeting timeshare owners and that a large portion of these schemes are being perpetrated by Mexican drug cartels. The schemes entail criminals targeting part-time property owners, often older Americans, and convincing them to hand over large sums of cash under false pretenses related to their timeshare properties.
The American Resort Development Association told FOX Business that "the recent activity in Mexico is just one example of some of the fraudulent activity we see from third-party timeshare exit companies." "That’s why at ARDA, we’re proponents of early and effective consumer education on legitimate timeshare exit avenues to prevent scams like this one from taking root.
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