U.S. Sanctions Mexican Resort Which Allegedly Helped Cartel Defraud American Tourists
According to Latin Times, US Treasury officials said the 22-room Kovay Gardens, near Puerto Vallarta, functioned as what they described as a “vertically integrated fraud factory”.
The U.S. Treasury Department has sanctioned Kovay Gardens, a beachfront resort in Mexico‘s Nayarit state, accusing it of operating as part of a fraud network directed by the Cártel Jalisco Nueva Generación (CJNG) that allegedly defrauded American tourists of millions of dollars, according to U.S. officials cited by CBS News.
Treasury officials said the 22-room property near Puerto Vallarta functioned as what they described as a “vertically integrated fraud factory,” where prospective buyers were drawn into timeshare sales presentations promising luxury stays and rental income.
After signing contracts, victims were allegedly overcharged and their financial data routed to cartel-linked call centers that launched additional scams, sometimes posing as lawyers or officials offering to recover losses for a fee, as CBS News reports.
Click here to read the complete, original article by Pedro Camacho on Latin Times
Source: Latin Times
