Timeshare Owner? The Mexican Drug Cartels Want You

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Krebsonsecurity

The FBI is warning timeshare owners to be wary of a prevalent telemarketing scam involving a violent Mexican drug cartel that tries to trick people into believing someone wants to buy their property.
The Dimitruks, a retired couple from Ontario, Canada reportedly lost over $50,000 to an ongoing timeshare scam that spans at least two dozen phony escrow, title and realty firms.
The phone scammers attempt to trick elderly individuals into paying money to sell off their timeshares.
The FBI warns the timeshare fraud schemes have been linked to the Jalisco New Generation drug cartel in Mexico.
In July 2024, the FBI and the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) warned the Jalisco cartel is running boiler room-like call centers that target people who own timeshares.
The fraudulent timeshare offers are part of a larger scheme to launder money for the drug trade.
It is unclear whether the Dimitruks were robbed by people working for the Jalisco cartel, but it is clear that whoever is responsible for managing many of these domains recently compromised their computer with information-stealing malware.
Escshieldsecurity pitches itself as a solution to timeshare closing scams.
If you are the victim of a timeshare scam like this, please consider filing a report with the FBI’s Internet Crime Complaint Center (IC3), at ic3.gov.
The feds will bust up one of these scam operations and seize funds that were stolen from victims.

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