Back to today’s briefing

Story perspectives

U.S. Sanctions Mexican Resort Linked to $350M Fraud Scheme

2/19/2026

35 3 Full Breakdown

Summary

Story summary

The U.S. Department of the Treasury sanctioned Kovay Gardens in Mexico's Nayarit region for operating a fraud scheme tied to the Cartel de Jalisco Nueva Generación (CJNG).
U.S. officials say the resort lured American tourists into timeshare scams, overcharged credit cards, and used customer data to launch further scams.
From 2019 to 2024, U.S. victims reported losses nearing $350 million as CJNG expanded into financial fraud and extortion.

1 of 1

Story summary

The U.S. Department of the Treasury sanctioned Kovay Gardens in Mexico's Nayarit region for operating a fraud scheme tied to the Cartel de Jalisco Nueva Generación (CJNG).
U.S. officials say the resort lured American tourists into timeshare scams, overcharged credit cards, and used customer data to launch further scams.
From 2019 to 2024, U.S. victims reported losses nearing $350 million as CJNG expanded into financial fraud and extortion.