FBI Warns Cartels Have Stolen $300 Million Dollars From Americans in Timeshare Scams

Puerto Vallarta, Mexico—The FBI has seen a rise in scams targeting timeshare owners. In these scams, criminals con these part-time property owners into shelling out hefty sums of cash, all under false pretenses related to their timeshare properties.   

Its primary choice of victim—older Americans—technically makes timeshare fraud a form of elder fraud, or crime that aims to make older Americans part with their money or cryptocurrency.