Overview
- Treasury’s sanctions office updated its alert Friday to say Kovay Gardens is now using the names Navira Villas & Residences and Marina Oasis Beachfront Resort.
- The agency warned U.S. travelers that the rebranded resorts in La Cruz de Huanacaxtle, Nayarit, remain sanctioned and tied to a scheme that targets Americans.
- Investigators describe callers in Mexico who pose as brokers or lawyers, speak fluent English, and push owners to wire fees for fake sales or rentals.
- FBI figures show about 6,000 U.S. victims lost nearly $300 million from 2019 to 2023, and the bureau logged about 900 more complaints in 2024.
- Treasury-linked financial monitors say banks filed more than 850 suspicious activity reports tied to roughly $330 million in transactions connected to these schemes.