By The Opinion
The United States government expanded sanctions against a tourist complex located in Nayarit, allegedly linked to the Jalisco New Generation Cartel (CJNG), and warned about new trade names used to operate timeshare frauds against US citizens.
According to the Treasury Department’s Office of Foreign Assets Control (OFAC), the resort Kovay Gardenslocated in Bahía de Banderas, would now also operate under the aliases Navira Villas & Residences and Marina Oasis Beachfront Resort.
The US authorities indicated that these companies would be part of a network linked to the CJNG dedicated to timeshare fraud, a scheme that would have mainly affected older adults in the United States and Canada.
According to the Treasury Department, the model operated through deceptive telephone calls and promotions to attract customers to sales presentations, where timeshare contracts were offered with false promises of profitability or resale.
This present day, Treasury’s Space of job of Faraway places Resources Protect watch over (OFAC) as a lot as this point the names and little print related to Kovay Gardens, a Mexican timeshare resort sanctioned by OFAC in February 2026 for defrauding American citizens on behalf of the terrorist Cartel de Jalisco Nueva Generacion.
In an…
— Treasury Department (@USTreasury) Might per chance also 8, 2026
Subsequently, the victims were contacted again to demand additional payments for alleged taxes, legal procedures or release of non-existent funds.
OFAC recalled that Kovay Gardens had already been sanctioned in February 2026along with five people and at least 17 Mexican companies allegedly related to the financial operation of the CJNG in the Riviera Nayarit and Puerto Vallarta.
The Secretary of the Treasury of the United States, Scott Bessent, stated that criminal organizations such as the CJNG “they constantly victimize Americans for profit”whether through drug trafficking or financial fraud schemes.
FBI investigations cited by US media indicate that between 2019 and 2023, nearly 6,000 people reported losses of approximately $300 million related to timeshare fraud in Mexico.
Keep reading:
– CJNG member who defrauds Americans with timeshares is accused of terrorism.
– The US sanctions CJNG leaders who operate fraud schemes against Americans in Puerto Vallarta.
