Washington, Feb. 20 -- The US Department of the Treasury's Office of Foreign Assets Control (OFAC) on Thursday sanctioned a Mexico-based timeshare fraud network linked to the terrorist cartel Cartel de Jalisco Nueva Generacion (CJNG), targeting a luxury resort and multiple individuals and companies accused of defrauding American citizens.
The action designates Kovay Gardens, a timeshare resort in Mexico, along with five Mexican nationals and 17 Mexico-based companies associated with the network. Many of the sanctioned individuals and entities operate in or around Puerto Vallarta, a popular tourist hub that authorities describe as a strategic stronghold for CJNG.
Treasury officials said CJNG, known for its violent operations and drug traff...