Mexican cartels targeting Americans through scam: FBI

United States citizens — specifically elderly individuals who own timeshares — of a rise in scams that are mostly being carried out by Mexican drug cartels.

On top of that, those behind the scams conduct extensive research on potential victims in order to effectively target them. They also create false documents and impersonate people from trusted institutions in order to further sell the scam. “Timeshare fraud has low overhead costs and minimal reinvestment, needing only a rental of small space, telecom setup, and English-speaking employees with access to restore databases,” explains Assistant Special Agent in Charge Paul Roberts, who also leads the FBI New York’s Complex Financial Crimes Branch.

Roughly 6,000 people have fallen victim to timeshare scams, the report states, with about $300 million in total lost.

Mexican-Cartels Mexico Timeshares Scam Fbi

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