drug trafficking
CJNG: the millionaire figure he obtained by scamming Americans with timeshares
The Jalisco New Generation Cartel (CJNG), over the last few years, has made millions of dollars by scamming people by offering to buy their timeshares in tourist areas.
The CJNG has established itself as one of the most powerful criminal groups in the world of drug trafficking. (Free Press Photo: AFP)
The Jalisco New Generation Cartel (CJNG) is one of the most powerful criminal organizations of the moment having a presence in dozens of countries around the world.
His main source of income comes from drug production and distribution, arms trafficking and money laundering.
However, the criminal group led by Nemesio Oseguera Cervantes, alias “El Mencho”, also He obtains millionaire profits as a result of the multiple scams he carries out.
CJNG’s new business consists of calling timeshare owners, mainly older adults, to make them believe they are talking to sales representatives and offer to buy their investments in tourist areas and then disappear with their money.
With this method, The “El Mencho” criminal gang has managed to obtain US$288 million in the last five years, according to data from the Federal Bureau of Investigation (FBI).
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Although, currently, it is believed that the total amount that the CJNG has collected through these scams amounts to approximately US$350 million.
🔍 What is the Jalisco Cartel? 🇲🇽💣
🔵 The Jalisco New Generation Cartel (CJNG) is a powerful Mexican criminal organization ⚖️🕵️♀️ pic.twitter.com/JvLrMbGZiV— ＭＡＲＣＯ ＡＮＴＯＮＩＯ (@marcotgn) May 27, 2023
How do CJNG scams offering timeshares to foreigners work?
time sharing It is an alternative to market a property intended to accommodate tourists during a vacation period.
However, This alternative can be used as a fraud because an advance payment is often required to reserve the right to use a certain residence.
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The CJNG is dedicated to scamming people by asking for said payment in advance, and then disappear with the funds and not rent the supposed property that was available, which never belonged to them.
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