The FBI is issuing a warning about a widespread telemarketing scam targeting timeshare owners and linked to the Jalisco New Generation cartel. Scammers pose as buyers, promising above-market prices and using fake escrow companies to deceive victims into sending money for 'administrative' and 'processing' fees.
The FBI is issuing a stark warning to timeshare owners about a widespread telemarketing scam linked to a violent Mexican drug cartel . This scheme targets unsuspecting property owners, leading to significant financial losses. Here's what you need to know and how to protect yourself. GET SECURITY ALERTS, EXPERT TIPS - SIGN UP FOR KURT’S NEWSLETTER - THE CYBERGUY REPORT HERE The Dimitruks' devastating timeshare scam experience In late 2022, Mr. and Mrs.
Cartel connections to fraud schemes The FBI has linked these timeshare fraud schemes to the Jalisco New Generation drug cartel in Mexico. According to a July 2024 warning from the FBI and the Financial Crimes Enforcement Network, these scams are part of the cartel's efforts to diversify their revenue streams and finance other criminal activities, including drug trafficking.
Kurt's key takeaways Here's the deal. These timeshare scammers are clever, they're persistent, and they're backed by some seriously bad dudes. But don't let that scare you into inaction. Remember, knowledge is power. By staying informed and skeptical, you're already one step ahead of these fraudsters. Trust your gut. If something feels off, it probably is. And don't be afraid to ask for help or report suspicious activity.
FBI Timeshare Scam Drug Cartel Telemarketing Jalisco New Generation
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