The FBI has warned timeshare owners across the United States to be on the lookout for scammers targeting their properties in Mexico.
The scammers are pretending to be companies offering to sell or rent their victims’ timeshares, cheating timeshare owners out of millions of dollars, the FBI said in a public service announcement on Thursday.
The bureau’s Internet Crime Complaint Center received over 600 complaints last year, approximating losses of $39.6 million from victims contacted by scammers regarding timeshares owned in Mexico.
A timeshare is a property ownership model in which multiple people co-own a vacation property, typically a condominium or apartment, for a specific period, for example, one week every year….