The U.S. Treasury Department announced sanctions against members or associates of the Jalisco New Generation drug cartel who apparently went into a side business of timeshare fraud that allegedly targeted elderly Americans.
The Treasury Department's Office of Foreign Assets Control, OFAC, sanctioned Eduardo Pardo Espino - a fugitive from a U.S. drug trafficking charge - as well as six other people and 19 Mexican tourism or real estate companies. The sanctions freeze any assets the individuals or companies have in the United States and prohibits U.S. citizens or companies from having any transactions with them.
The scammers contacted people - often Americans - seeking to sell timeshares in Puerto Vallarta properties., the FBI said sellers were contacted via email by scammers who said they had a buyer lined up, but the seller needed to pay taxes or other fees before the deal could go through. Donner, a broker at Ryan Donner & Associates, a real estate firm in Puerto Vallarta, said his firm had been asked for assistance by two people over the last two years who were apparently targeted by the scam.
He said the scammers sent prospective sellers fake contracts and official-looking documents from the Mexican tax authority apparently saying taxes were due on the prospective sale.
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