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 has seen a rise in scams targeting timeshare owners. In this kind of scam, criminals con these part-time property owners into shelling out hefty sums of cash, all under false pretenses related to their timeshare properties.
Two men who helped create a service that blurs cryptocurrency transaction histories are facing federal charges after they allegedly conspired to launder money for DPRK-sponsored criminal actors, violate U.S. government sanctions, and operate an unlicensed money transmitting business.