Mexican Official Warns of Increasing Scams Targeting Timeshare Owners

Mexican officials warn of growing timeshare scams linked to drug cartel, costing victims millions. Authorities urge vigilance to avoid falling prey to these sophisticated fraudulent schemes.

Dil Bar Irshad
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Mexican Official Warns of Increasing Scams Targeting Timeshare Owners

Mexican Official Warns of Increasing Scams Targeting Timeshare Owners

Comandante Raúl Valladares, a Mexican official, is sounding the alarm about the growing prevalence of scams targeting people in Mexico, particularly those related to timeshares. Valladares warns that scam methods have been increasing in sophistication and frequency, with criminals often using false promises, threats, and manipulation to defraud victims.

According to Valladares, the Jalisco New Generation Cartel (CJNG) has expanded its criminal activities to include timeshare fraud. The cartel uses sophisticated tactics like creating fake websites and contracts to trick victims, who are often elderly U.S. and Canadian citizens, into handing over large sums of money. The scams typically involve demands for upfront payments to cover various fees, costs, and taxes, with the promised payout always remaining just out of reach.

The financial toll of these scams has been staggering. In 2022 alone, the FBI received over 600 complaints related to timeshare fraud in Mexico, with reported losses totaling nearly $40 million. Individual victims have lost hundreds of thousands of dollars, often with little hope of recovering their money.

Why this matters: The increasing prevalence of timeshare scams in Mexico highlights the need for greater awareness and vigilance among potential victims. These fraudulent schemes not only cause significant financial harm to individuals but also undermine trust in legitimate businesses and damage Mexico's reputation as a tourist destination.

Valladares emphasizes the importance of being vigilant and aware of these common scam methods to avoid falling victim to them. He advises people to thoroughly verify any offers or requests related to their timeshares and to be cautious of deals that seem too good to be true. "If you receive an unsolicited call or email promising to help you sell your timeshare or claiming that you've won a prize, be very skeptical," Valladares warns. "These are common tactics used by scammers to get your money or personal information."

Mexican authorities are working to combat these scams, but the international nature of the crime and the cartel's involvement make it a challenging problem to address. Valladares urges anyone who believes they may have been targeted by a timeshare scam to report it to the proper authorities and to spread awareness to help protect others from falling victim to these increasingly common fraudulent schemes.

Key Takeaways

  • Mexican official warns of growing timeshare scams, often linked to Jalisco cartel.
  • Scams involve false promises, threats, and manipulation to defraud victims, often elderly.
  • In 2022, FBI received 600+ complaints of timeshare fraud in Mexico, totaling $40M in losses.
  • Authorities urge vigilance and caution when dealing with unsolicited timeshare offers.
  • Combating these international, cartel-linked scams remains a challenging problem for Mexico.