Several suspects from the Central Valley have been arrested and charged in an overreaching timeshare fraud scheme.

The U.S. Department of Justice revealed that the scheme resulted in over $30 million being stolen from elderly Americans.

The big picture: Over 20 members of a transnational criminal organization were indicted on Tuesday and charged them with conspiring to commit wire fraud and money laundering. • The operation was named Operation Silver Shores and resulted in the arrest of 15 suspects. • Investigators have identified at least 372 victims and losses exceeding $30 million. Investigators have also seized over $1.5 million in victim funds so far.

Driving the news: Court documents state that members of the criminal organization contacted victims through phone calls and emai

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