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The schemes entail criminals targeting part-time property owners, often older Americans, and convincing them to hand over large sums of cash under false pretenses related to their timeshare properties.
The FBI reports a spike in scams targeting timeshare owners and a large portion of these schemes are being perpetrated by Mexican drug cartels.
Want to sell your timeshare? If you are no longer interested in your vacation rental, the BBB warns a timeshare exit company may be a problem too.
Press release content from Business Wire. The AP news staff was not involved in its creation.