Summary
The U.S. Treasury Department has sanctioned Kovay Gardens for being part of a cartel-led timeshare fraud scheme allegedly run by the Jalisco New Generation Cartel (CJNG). Mexican forces killed the cartel's leader, Nemesio "El Mencho" Oseguera Cervantes, sparking violence in Mexico and response from the U.S. government. This operation highlighted the U.S. involvement and the broad range of criminal activities CJNG is involved in, including drug trafficking and targeting American retirees.
Key Facts
- The U.S. Treasury sanctioned Kovay Gardens for allegedly being part of a timeshare fraud network tied to the CJNG.
- CJNG is a powerful Mexican cartel involved in drug trafficking and other criminal activities.
- The cartel's leader, El Mencho, was killed by Mexican forces, leading to violence across Mexico.
- The U.S. provided intelligence support for the operation that led to El Mencho's death.
- CJNG has been linked to various crimes like elder fraud, fuel theft, and extortion, targeting Americans.
- CJNG allegedly took control of the timeshare industry in Puerto Vallarta from around 2012.
- Scammers associated with CJNG pose as brokers and demand upfront fees from timeshare owners.
- The U.S. Government views CJNG as a significant threat, labeling them "narcoterrorists."
